Simco Building GRADE C

Building Overview

According to an independent market assessment by GRES specialists, Simco Building represents one of the most cost-effective office solutions for small and medium-sized enterprises (SMEs), technology startups, and business services looking for a professional workspace with a reasonable budget in Western Hanoi. Developed by Industrial Steel and Materials JSC and managed directly by the Building Owner, this Grade C building ensures consistent operational quality and professional management.

Rising 10 above-ground floors with 1 basement level, Simco Building offers a typical floor plate of approximately 400 sqm. The building features a modern architectural design, optimizing space efficiency and offering flexible partition options, allowing tenants to easily configure highly productive work environments.

Location and Connectivity

The building is located at 28 Pham Hung, Tu Liem Ward, Hanoi, positioned directly on the primary traffic spine of Hanoi's Western commercial hub.

• Pham Hung Street: Provides quick and direct access to major arteries such as Khuat Duy Tien, Xuan Thuy, Cau Giay, and the Ring Road 3 elevated highway, facilitating seamless travel to neighboring provinces and the city center.
• National Convention Center & My Dinh National Stadium: Located within a 5 to 10-minute drive, offering great advantages for hosting large-scale events, conferences, and welcoming international business partners.
• Noi Bai International Airport: Approximately 30 minutes away via Vo Chi Cong Street or Nhat Tan Bridge, optimizing travel time for executive business trips.
• Surrounding Business Ecosystem: Surrounded by a dense network of major banks including Vietcombank, BIDV, Agribank, and modern urban areas offering rich dining, cafe, and retail services.

Technical Specifications and Operations

Simco Building is equipped with synchronized technical infrastructure, meeting the essential standards of a professional office environment:

• Scale & Floor Plate: 10 above-ground floors and 1 basement level; typical floor plate of 400 sqm/floor with flexible division options to suit various team sizes.
• Ceiling Height: Reaches a standard of 2.7 m, ensuring a well-ventilated workspace and easy installation of technical ceilings and lighting.
• Elevator System: Equipped with 2 high-speed elevators, ensuring smooth vertical transportation during peak hours.
• Air Conditioning: Modern VRV central air conditioning system, maintaining optimal temperature distribution and energy efficiency.
• Backup Power: 100% capacity backup generator, ensuring uninterrupted business operations during power outages.
• Parking: 1 basement level and surrounding areas of the building adequately accommodate cars and motorbikes for staff and visitors.
• Standard Working Hours: Monday - Friday: 8:00 AM - 6:00 PM, Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

Rental rates at Simco Building are highly competitive compared to other properties in the same segment within the area:

• Reference Rental Price: $13 - $14 /sqm/month (Please note that rates may vary depending on the leased area and lease commencement date).
• Service Fee: Included in the rental price.
• VAT: 10%.
• Motorbike Parking Fee: Complimentary.
• Car Parking Fee: 1,100,000 VND/car/month.
• Electricity Charges: Based on actual consumption as per individual meters.
• Overtime Fee (OVT): Negotiable based on the actual operational requirements of the tenant.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With a moderate floor plate of 400 sqm and a highly reasonable pricing policy, Simco Building is an ideal match for IT companies, import-export firms, startups, or representative offices looking to optimize operational costs while maintaining a prestigious business address on Pham Hung Street.

• Space Efficiency: Tenants should carefully measure the net usable area versus the gross area to plan the most efficient desk layout.
• Peak-Hour Parking Assessment: It is highly recommended to physically inspect the basement and outdoor parking capacity during morning arrival and evening departure hours to secure adequate parking arrangements for larger teams.
• Central Air Conditioning: Evaluate the zoning capabilities of the VRV system to ensure proper airflow and temperature control after installing office partitions.
• Overtime Fee Negotiation: For IT or tech companies operating late shifts, clarify the overtime cost calculation formula during the early stages of contract negotiation.

Advisory Conclusion

Simco Building stands out as a highly practical office solution, resolving budget constraints for businesses in Western Hanoi without compromising on a prime, accessible location. To receive updated information on current vacancies, detailed cost breakdowns, and to schedule an on-site viewing, please contact the GRES consulting team for prompt and professional assistance.