Reeco Building GRADE C

Building Overview

Developed by the Mechanical Refrigeration and Engineering Equipment Company Limited and directly managed by the Building Owner, Reeco Building offers an optimized workspace solution for small and medium-sized enterprises (SMEs). With a lean and efficient design, the building focuses on solving the fixed cost optimization puzzle for technology, service, and representative offices seeking long-term stability.

Reeco Building is a Grade C office building featuring 7 stories and 1 basement in the dynamic Yen Hoa area. With a typical floor plate of 200 sqm, the building provides a private working environment, minimizing operational overlap between different tenants on the same floor. The self-management model by the Building Owner ensures that technical support and tenant requests are handled swiftly, minimizing bureaucratic administrative procedures.

Location and Connectivity

The building is located at 98 Hoang Ngan, Yen Hoa Ward, Hanoi, situated on a street that directly connects major traffic arteries in the western part of the city.

• Hoang Ngan - Le Van Luong Axis: Quickly connects to major routes such as Duong Lang, Tran Duy Hung, and Khuat Duy Tien, facilitating convenient inter-wardt travel.
• Grand Plaza Hotel / Shopping Center: Located just a 5-minute drive away, providing excellent support for business entertainment and commercial transactions.
• Noi Bai International Airport: Approximately 35 minutes away via Vo Chi Cong Street 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

The technical infrastructure at the building is synchronously equipped to ensure continuous working performance for businesses:

• Scale & Floor Plate: 7 stories and 1 basement with a typical floor area of 200 sqm/floor, optimal for departmental division.
• Ceiling Height: Reaches a standard of 2.7 m, creating an airy space and allowing easy installation of lighting systems.
• Elevator System: Equipped with 1 high-speed elevator operating smoothly to meet internal mobility needs.
• Air Conditioning System: Flexible individual air conditioning system, allowing active temperature control in each working area.
• Backup Power: 100% capacity backup generator, ensuring uninterrupted operations during power grid failures.
• Parking Area: 1 basement level and surrounding area adequately meet the parking needs of motorbikes and cars.
• Standard Working Hours: Monday - Friday: 8:00 AM - 6:00 PM, Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

The rental policy at the building is designed transparently to help businesses easily balance their operational budgets:

• Reference Rent: $10 - $11 /sqm/month (rates may vary depending on the leased area and contract timing).
• Service Fee: Included in rent.
• VAT: 10%.
• Motorbike Parking Fee: 100,000 VND/motorbike/month.
• Car Parking Fee: 700,000 VND/car/month.
• Electricity Consumption: Actual consumption as per individual office meters.
• Overtime Fee (OVT): Negotiable based on actual requirements.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

Reeco Building is particularly suitable for small and medium-sized enterprises (SMEs), technology startups, foreign representative offices, or service providers looking for a stable, cost-effective, and easy-to-manage workspace in the Yen Hoa area.

• Check net usable area efficiency: Survey the ratio of net usable area to gross area to plan the most optimal desk layout.
• Assess parking capacity: Clarify the parking limits for motorbikes and cars in the basement and surrounding areas during peak hours.
• Measure AC cooling capacity: Test the cooling performance of the individual AC system in corner areas before starting interior fit-out.
• Clarify overtime (OVT) fees: Negotiate specific overtime fees if your business frequently has staff working late or night shifts.

Advisory Conclusion

Reeco Building is a practical and economical Grade C office choice, delivering high real-world operational value for cost-conscious businesses. To receive a detailed quote, check the latest vacant spaces, and schedule a physical viewing, contact GRES consulting specialists today.