Red River Building GRADE C

Building Overview

Developed by Song Hong Tourism and Trade Company Limited, Red River Building has established itself as one of the most cost-effective Grade C office leasing options in the Thanh Xuan area. Rising 3 upper floors with 1 basement, the building offers a typical floor plate of 500 sqm, providing spacious and highly functional workspaces.

This is an ideal location for small and medium-sized enterprises (SMEs), technology startups, or service providers seeking a professional yet budget-friendly working environment without compromising on essential operational facilities.

Location and Connectivity

The building is located at 68 Le Van Luong, Thanh Xuan Ward, Hanoi, situated on one of the most bustling arterial routes in the western part of the city, directly connecting central ward with new urban areas.

• Le Van Luong arterial route: Connects quickly to major streets such as Lang, Khuat Duy Tien, and To Huu, facilitating convenient inter-wardt travel.
• Thanh Xuan Park / Commercial Centers: Only a 5-minute drive to major shopping malls and parks, perfect for relaxation and hosting business partners.
• Noi Bai International Airport: Approximately 30-40 minutes away via Ring Road 3 and Nhat Tan Bridge, ensuring seamless business travel schedules.
• Surrounding amenities ecosystem: High density of major bank branches, restaurants, and office cafes, fully meeting the daily needs of employees.

Technical Specifications and Operations

Below are the actual technical specifications to help businesses evaluate the building's operational capabilities:

• Scale & Floor Plate: 03 upper floors and 01 basement, with a typical floor plate of 500 sqm designed for high space utilization.
• Ceiling Height: Reaches a standard of 2.7 m, creating an airy working environment suitable for ceiling installations.
• Elevator System: Equipped with 01 high-speed elevator, ensuring stable vertical transit.
• Air Conditioning System: Modern ceiling-mounted air conditioning system, distributing temperature evenly across the office.
• Backup Power: 100% capacity backup power generator to ensure uninterrupted operations during power outages.
• Parking Space: 01 basement level combined with surrounding areas, accommodating the parking needs of both motorbikes and cars.
• Standard Working Hours: Monday - Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM.

Leasing Costs and Commercial Terms

Financial terms at the building are structured flexibly to support tenant cash flow:

• Reference Rental Price: Around $11 - $12 /sqm/month (highly competitive in the area).
• Service Fee: Included in the rental price, helping businesses easily control their fixed budget.
• VAT: 10%.
• Motorbike Parking Fee: 150,000 VND/motorbike/month.
• Car Parking Fee: 1,200,000 VND/car/month.
• Electricity Charges: Based on actual consumption measured by individual meters.
• Overtime Fee (OVT): Negotiable based on actual business requirements.
• Minimum Lease Term: 03 years to ensure operational stability.
• Deposit & Payment: 3-month deposit and quarterly payments.

Suitable Tenant Profiles and Checks

With reasonable costs and a 500 sqm floor plate, Red River Building is highly suitable for SMEs, tech firms, design agencies, or training centers that require open layouts to optimize employee density per square meter.

• Evaluate elevator efficiency: Assess the performance of the 01 elevator during morning and afternoon peak hours.
• Survey parking capacity: Clarify the maximum number of motorbikes and cars allocated to your leased area in the basement.
• Measure usable area: Compare the actual usable (net) area against the gross area in the contract to optimize costs.
• Inspect ceiling-mounted AC: Check cooling efficiency in partitioned departmental areas.
• Negotiate overtime fees: Clarify OVT rates if your business frequently operates night shifts or on weekends.

Advisory Conclusion

Red River Building is a practical and efficient Grade C office solution for businesses prioritizing operational cost optimization in the Thanh Xuan area. To receive the latest updates on vacant spaces and secure the best lease terms, please contact GRES consultants for a quick on-site survey.