Veam Building GRADE C

Building Overview

Veam Building is a Grade C office building comprising 13 stories and 01 basement floor, offering a typical floor plate of 360 sqm/floor. The building features a modern design and holds a Green Mark certification, providing a green, energy-efficient, and highly productive working environment. With its regularly shaped floor plate and column-free design, tenants can easily divide office spaces and maximize desk layouts to optimize actual capacity.

Location and Connectivity

The building is located at D1 Area, 689 Lac Long Quan, Tay Ho Ward, Hanoi, right at the strategic intersection of Lac Long Quan and Au Co, allowing swift access to key areas in northern Hanoi.

• Lac Long Quan - Vo Chi Cong Axis: A vital traffic route facilitating quick travel to Cau Giay and Ba Dinh ward, and connecting directly to Nhat Tan Bridge.
• West Lake & Red River: Just a 3-minute drive to the scenic West Lake, offering a premium panoramic view that inspires employees and elevates corporate prestige during partner meetings.
• Noi Bai International Airport: Approximately 20-30 minutes away via Vo Chi Cong and Nhat Tan Bridge, highly convenient for businesses hosting foreign experts or managing frequent business trips.
• Surrounding Amenities: Surrounded by major bank branches, diverse dining options, corporate cafes, and government offices, fully supporting daily transactions and business entertainment.

Technical Specifications and Operations

Veam Building is equipped with synchronous technical infrastructure, satisfying all strict operational standards of a professional office:

• Scale & Floor Plate: 13 stories and 01 basement floor; typical floor plate of 360 sqm/floor with a regular shape to maximize actual usable space.
• Ceiling Height: Reaches a standard of 2.7 m, ensuring airy office spaces and easy installation of plaster ceilings and lighting systems.
• Elevator System: Equipped with 02 passenger elevators and 01 service elevator operating stably to ensure smooth vertical transit during peak hours.
• Air Conditioning System: Daikin central air conditioning system, offering deep cooling efficiency and energy savings.
• Backup Power: 100% backup power generator, ensuring business continuity during any power grid failures.
• Parking Area: 01 basement floor and outdoor parking spaces, well-meeting the parking demands of both employees and visitors.
• Standard Working Hours: Monday - Saturday: 7:30 AM - 6:30 PM, suitable for the flexible operating schedules of various business models.

Leasing Costs and Commercial Terms

The following is a summary of the rental rates and commercial terms applicable at the building:

• Reference Rent: $11 - $12 /m²/month (highly competitive in the Tay Ho wardt).
• Service Fee: Included in rent.
• VAT: 10%.
• Motorbike Parking Fee: 80,000 VND/motorbike/month.
• Car Parking Fee: 600,000 VND/car/month.
• Electricity Fee: Actual AC electricity consumption as per meter.
• Overtime Fee (OVT): Negotiable based on leased area and actual usage.
• Minimum Lease Term: Minimum 3-year lease to ensure long-term operational stability.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

Positioned as a professional Grade C office, Veam Building is ideal for small to medium-sized businesses (SMEs), IT firms, financial companies, or logistics enterprises seeking to optimize operational costs while enjoying a professional workspace with a scenic West Lake view. The 360 sqm regularly shaped floor plate optimizes usable area and allows flexible department layouts.

To ensure the most optimal design and operation, tenants should carefully check the following practical points:

• Net Usable Area: Measure the actual usable area (net area) versus the gross area in the contract to accurately calculate employee density.
• Peak Hour Parking Capacity: Conduct an on-site survey of the basement and outdoor parking areas during morning and afternoon peak hours to evaluate future growth capacity.
• Overtime AC Policy: Clarify overtime fees (OVT) and AC operational costs if your business frequently works late shifts or weekends.
• Telecom Infrastructure: Verify the list of internet service providers in the building to ensure stable and high-speed connections for online operations.

Advisory Conclusion

Veam Building perfectly combines a convenient location, a premium West Lake view, and highly competitive rental rates within the Grade C office segment in Tay Ho wardt. It represents an optimal financial solution for growing businesses seeking to maintain a professional corporate image. To receive the latest vacant space updates and negotiate the best lease terms, contact GRES today.