New Center Building GRADE C

Building Overview

Optimizing workspace layout for a team of 15 to 25 employees on an independent floor plate always requires a careful balance between rental costs and commercial location. New Center Building is a Grade C office building featuring 8 above-ground floors and 1 basement level in the Yen Hoa area, providing an ideal full-floor leasing solution for businesses seeking private, professional workspaces without sharing the floor with multiple tenants.

Location and Connectivity

The building is located at 2 Hoang Dao Thuy, Yen Hoa Ward, Hanoi, right at the intersection of major arterial roads in the bustling Trung Hoa - Nhan Chinh area. This area features well-developed transport infrastructure, enabling quick access to major administrative and commercial hubs of the city.

• Hoang Dao Thuy Arterial Road: Directly connects to major routes such as Tran Duy Hung, Le Van Luong, and Ring Road 3, facilitating convenient travel to neighboring ward.
• Administrative Agencies Hub: Located near the State Audit Office, the Authority of Radio Frequency, and the Ministry of Science and Technology, enhancing business credibility and administrative convenience.
• Noibai International Airport: Approximately 30 minutes away via Vo Chi Cong Street and Nhat Tan Bridge, optimizing travel time for international partners.
• Surrounding Amenities Ecosystem: Surrounded by a high density of major bank branches, restaurants, and office cafes, serving daily dining and client reception needs.

Technical Specifications and Operations

The building's technical infrastructure is fully integrated to ensure continuous operational efficiency for businesses.

• Scale & Floor Plate: 8 above-ground floors and 1 basement level with a typical floor area of 122 sqm/floor, designed to maximize usable space.
• Ceiling Height: Reaches a standard of 2.7 m, creating a spacious environment and allowing easy installation of plaster ceilings and lighting systems.
• Elevator System: Equipped with 1 high-speed elevator to ensure efficient vertical transportation.
• Air Conditioning System: Modern central air conditioning system, distributing temperature evenly across the office area.
• Backup Power: 100% capacity backup power generator, securing uninterrupted operations during power grid failures.
• Parking Area: 1 basement level, fully meeting the motorbike and car parking demands of employees.
• Standard Working Hours: Monday - Friday: 8:00 AM - 6:00 PM, Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

Financial terms at the building are highly competitive and transparent, suitable for cost-conscious businesses.

• Reference Rent: $11 - $12 /sqm/month (subject to change depending on leased area and signing time).
• Service Fee: Included in rent.
• VAT: 10%.
• Motorbike Parking Fee: 110,000 VND/vehicle/month.
• Car Parking Fee: 1,100,000 VND/car/month.
• Electricity Charges: Billed based on actual consumption via individual meters.
• Overtime Fee (OVT): Negotiable based on actual operational needs.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With a compact floor plate of 122 sqm, New Center Building is a solid choice for small to medium-sized companies seeking stability in a developing area, particularly those in IT, legal consulting, finance, or representative offices looking for an independent, easy-to-manage space. However, tenants should carefully weigh the benefits of competitive rental rates against the limitations of a single elevator during peak hours.

• Actual Density: Check the net usable area versus the gross area to optimize desk layouts for the planned headcount.
• Parking Capacity: Inspect the basement capacity during peak hours to prepare alternative parking options nearby if headcount is high.
• Elevator Efficiency: Evaluate the performance of the single elevator during morning arrivals and evening departures.
• Overtime Costs: Clearly negotiate overtime (OVT) fees if the company frequently operates night shifts or weekend hours.

Advisory Conclusion

New Center Building offers an efficient full-floor office solution with optimized costs on the bustling Hoang Dao Thuy street. To receive a detailed quotation, check current vacant spaces, and schedule a site visit, contact GRES specialists today for comprehensive support and the best lease terms.