MD Complex GRADE C

Building Overview

Planning an optimal workspace for a team of 50 to 100 employees on a single floor plate requires careful consideration of both actual usable area and fixed monthly operating expenses. MD Complex, a Grade C office building completed in 2015 in the West of Hanoi, offers a balanced and highly efficient financial solution. Comprising 28 above-ground floors and 3 basements, the building provides a typical floor plate of 630 sqm/floor, designed with a well-proportioned layout to maximize the efficiency of net usable area.

The most significant advantage of the building is its highly competitive rental rate, ranging from $11 - $12 /sqm, accompanied by a low service fee of only 1 USD/sqm/month. This optimal cost structure helps businesses save substantial fixed cash flow compared to similar buildings in central areas, while still ensuring a full range of professional operating amenities.

Location and Connectivity

The building is located at the front of 68 Nguyen Co Thach, Tu Liem Ward, Hanoi, right at the key commercial intersection of My Dinh 1 Urban Area. This route features well-developed transport infrastructure with a wide and open street, minimizing traffic congestion during peak hours and facilitating smooth travel for both employees and partners.

• Nguyen Co Thach and Ham Nghi Arteries: Connect directly to major routes such as Ho Tung Mau, Pham Hung, and Le Duc Tho, enabling quick transit to neighboring ward.
• My Dinh 1 New Urban Area: Situated in a dynamically developing hub, home to numerous administrative, commercial, and high-end residential projects.
• Noi Bai International Airport: Takes approximately 30 minutes of travel via Nhat Tan Bridge or Vo Chi Cong route.
• Surrounding Utility Ecosystem: Surrounded by major banks, restaurants, eateries, and office cafe chains, well-serving the reception and daily needs of staff.

Technical Specifications and Operations

To ensure continuous and stable business operations, companies should carefully review the core technical specifications of MD Complex below:

• Scale & Floor Plate: Comprising 28 above-ground floors and 3 basements, with a typical floor plate of 630 sqm/floor featuring a column-free design to optimize departmental layout.
• Ceiling Height: Reaches a standard of 2.7 m, creating an airy environment and allowing easy installation of plaster ceilings and lighting systems.
• Elevator System: Equipped with a system of 4 high-speed elevators, minimizing waiting times during peak hours.
• Air Conditioning System: Modern central VRV air conditioning system, ensuring even temperature distribution and energy efficiency.
• Backup Power: 100% backup power capacity, ensuring uninterrupted office operations during power grid failures.
• Parking Space: Spacious parking across 3 basements, fully meeting the parking needs of motorbikes and cars for all staff and clients.
• Standard Working Hours: Monday - Friday (8:00 AM - 6:00 PM) and Saturday (8:00 AM - 12:30 PM).

Leasing Costs and Commercial Terms

From a financial management perspective, MD Complex represents one of the best cash flow optimization options in the area with the following detailed fee structure:

• Reference Rental Price: $11 - $12 /sqm/month (rates may vary depending on the leased area and signing time).
• Service Fee: 1 USD/sqm/month.
• VAT: 10%.
• Motorbike Parking Fee: 70,000 VND/motorbike/month.
• Car Parking Fee: 1,100,000 VND/car/month.
• Electricity Consumption: Actual consumption as per meter for each individual office.
• Overtime Fee (OVT): Negotiable based on the actual operational needs of the business.
• Minimum Lease Term: Minimum 3-year lease to ensure operational stability.
• Deposit & Payment: 3-month deposit - Quarterly payment, aligning well with the cash flow cycles of Vietnamese enterprises.

Suitable Tenant Profiles and Checks

With a well-proportioned 630 sqm floor plate and highly reasonable operating costs, the building is particularly suitable for tech and service companies, as well as fast-growing SMEs looking to establish their offices in the dynamic western hub. To secure maximum benefits before signing the lease, businesses should conduct a physical survey of the following items:

• Verify Net Usable Area: Carefully measure the actual net usable area versus the gross area on the floor plan to accurately calculate desk density.
• Survey Parking Capacity at Peak Hours: Physically assess the parking situation in the 3 basements during morning arrival and afternoon departure times to ensure staff convenience.
• Negotiate Overtime (OVT) Fees: Clarify the calculation method for overtime charges if your company frequently runs late shifts or night projects.
• Evaluate Elevator Performance: Experience the elevator speed and waiting times during peak lunch hours or morning rush hours.
• Prepare Total Cost Projection: Aggregate rent, service fees, actual AC electricity costs, and parking fees to get a comprehensive monthly financial picture.

Advisory Conclusion

MD Complex is an outstanding office solution for businesses seeking the perfect balance between a cost-effective budget and a professional workspace in Hanoi's western gateway. To receive a detailed quotation, the latest updates on vacant spaces, and professional support in negotiating the most favorable lease terms, please contact GRES consultants today.