Building Overview
Located in a high-traffic commercial area, ICT Building (completed in 2018) stands out as one of the premier budget-friendly office solutions in Bach Mai Ward. Rising 11 stories with 1 basement, the building offers a generous typical floor plate of 400 sqm. This spacious layout is highly effective for open-plan office designs, allowing tenants to minimize partition construction costs and maximize workplace density.
When compared to other Grade C properties in the area, ICT Building offers a superior financial balance, combining low initial capital expenditure with robust technical infrastructure. Businesses can maintain healthy cash flows thanks to highly competitive rental rates and flexible payment terms, significantly lowering the financial pressure during the initial setup phase.
Location and Connectivity
Located on 19 Le Thanh Nghi, Bach Mai Ward, Hanoi, ICT Building offers direct connection to key arterial routes in the southern gateway of the city center. This area is characterized by a high concentration of major universities, technology institutions, and stable infrastructure, facilitating seamless daily business transactions.
- Le Thanh Nghi arterial route: Provides quick access to major streets such as Giai Phong, Bach Mai, and Thanh Nhan, ensuring smooth inter-wardt travel.
- Major Universities & Hospitals Hub: Located adjacent to Hanoi University of Science and Technology, National Economics University, and leading central hospitals, offering a massive advantage in recruiting high-quality talent.
- Noi Bai International Airport: Approximately 40 minutes away via Vo Chi Cong and Nhat Tan Bridge, facilitating convenient business travel and foreign expert receptions.
- Surrounding business ecosystem: Surrounded by a dense network of major bank branches (Vietcombank, BIDV, Techcombank) along with numerous restaurants and cafes catering to client entertainment and staff dining needs.
Technical Specifications and Operations
ICT Building is equipped with synchronous technical infrastructure, fully meeting the standards of a professional working environment:
- Scale & Floor plate: Comprises 11 stories and 01 basement; typical floor plate of 400 sqm featuring minimal columns to maximize usable space.
- Ceiling height: Reaches a standard of 2.65 m, creating an airy atmosphere and allowing easy installation of gypsum ceilings and lighting systems.
- Elevator system: Equipped with 02 high-speed elevators, minimizing waiting times during peak hours.
- Air conditioning system: Modern central air conditioning system, ensuring even temperature distribution across the floor.
- Backup power: 100% capacity backup generator, ensuring uninterrupted business operations.
- Parking space: 01 basement floor and front yard parking, accommodating the parking needs of both 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
To help businesses plan their operational cash flow effectively, here is the detailed breakdown of rental costs and commercial terms:
- Reference rental price: $10 - $12 /sqm/month (highly competitive for a building completed in 2018).
- Service fee: 2 USD/sqm/month.
- VAT: 10%.
- Motorbike parking fee: 100,000 VND/vehicle/month.
- Car parking fee: 1,200,000 VND/car/month.
- Electricity fee: Actual consumption based on meter readings.
- Overtime fee (OVT): Negotiable based on the actual usage requirements of the tenant.
- Minimum lease term: Minimum 3-year lease.
- Deposit & Payment: 3-month deposit - Quarterly payment, allowing businesses to manage working capital smoothly.
Suitable Tenant Profiles and Checks
With its reasonable cost structure and spacious 400 sqm column-free floor plate, ICT Building is an ideal choice for tech firms, educational institutions, startups, or growing enterprises looking to optimize their real estate budget.
- Measure net usable area: Carefully compare the net usable area against the gross area to calculate the exact layout density for workstations.
- Assess parking capacity: Verify the actual capacity of the basement and front yard during peak hours to ensure adequate parking for staff and clients.
- Evaluate AC distribution: Check the cooling performance in corner areas before partitioning the office into smaller rooms.
- Negotiate overtime (OVT) fees: For tech companies with frequent night shifts, clarify the overtime fee calculation during the initial lease negotiation.
Advisory Conclusion
ICT Building is one of the most cost-effective Grade C office options in Bach Mai Ward. Choosing this building allows businesses to resolve their budget constraints while maintaining a professional and modern workspace. To receive a detailed quotation, updated vacant areas, and professional negotiation support, please contact GRES consultants today.