Building Overview
Completed in 2020 by investor Tổng CTCP Thương mại Xây dựng Vietracimex, Hinode City is a Grade B commercial development managed directly by the developer. The property comprises 26 above-ground floors and 3 basement levels, presenting a modern and professional environment suitable for large-scale operations and multinational corporations. The building features expansive floor plates of approximately 2,042 sqm, which support flexible open-plan office layouts and efficient division of functional zones.
Location and Connectivity
Situated at 201 Minh Khai, Bach Mai Ward, Hanoi, the building provides direct access to the developing commercial corridor in the southern part of the city. Tenants operating here benefit from a surrounding business ecosystem that includes residential developments, commercial centers, and banking facilities. Because specific local transit times and nearby landmarks are subject to traffic conditions, incoming businesses should verify local commute patterns and access routes during peak hours to align with employee transit requirements.
Technical Specifications and Operations
The building’s infrastructure is designed to meet modern operational standards:
- Ceiling Height: Clear height of 2.7 meters.
- Elevators: 6 high-speed passenger elevators.
- Air Conditioning: Modern central air conditioning system, with electricity costs included in the service charge.
- Backup Power: 100% backup power capacity to ensure uninterrupted business operations.
- Parking: Dedicated parking across 3 basement levels.
- Operating Hours: Monday to Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM.
Lease terms require a minimum of 3 years, with a 3-month deposit and quarterly payments. The base rent ranges from $17 to $20 per sqm, excluding VAT. As service fees, overtime charges, and specific parking allocations for cars and motorbikes are subject to negotiation or periodic updates, tenants are advised to confirm these commercial details during the site-survey phase.
Leasing Costs and Commercial Terms
The financial structure at this development features a base rent positioned between $17 and $20 per square meter, excluding a 10% VAT. While the central air conditioning electricity consumption is conveniently included in the service charge, several other cost components require direct verification during negotiations. Specifically, the standard service fee, car parking rates, and motorbike parking fees are currently designated for update. Overtime operational charges are negotiable, allowing businesses with extended working hours to establish customized agreements with the developer management. The standard lease structure requires a minimum commitment of 3 years, paired with a 3-month security deposit and quarterly rental payments.
Suitable Tenant Profiles and Checks
With expansive floor plates measuring 2,042 square meters, this property is structured for large-scale enterprises and multinational corporations that require open-plan layouts to facilitate departmental integration. The scale of 26 above-ground floors and 3 basement levels supports high-density staffing requirements. Before finalizing any lease agreement, incoming tenants should conduct a series of practical site-survey checks:
- Current Vacancy: Verify the exact contiguous floor area available at the time of inquiry.
- Service Fee Breakdown: Request the finalized service fee schedule, as this is currently marked for update.
- Parking Allocations: Confirm the specific quota and monthly fees for both car and motorbike parking within the 3 basement levels.
- Overtime Terms: Negotiate the exact hourly rates for after-hours air conditioning and lighting usage.
- Fit-out Period: Clarify the rent-free period allowed for office construction and interior setup.
Advisory Conclusion
Hinode City in Bach Mai Ward offers a modern, large-scale Grade B office solution completed in 2020. Managed directly by the developer, Vietracimex, the building provides robust technical infrastructure, including 100% backup power and 6 high-speed elevators. For organizations seeking expansive floor plates outside the traditional central business core, this development represents a structurally sound option. Tenants must ensure all pending commercial variables, particularly parking and service fees, are fully documented in the draft contract.