Building Overview
AP Building is a Grade C office development situated at 58 Tran Thai Tong, Cau Giay Ward. The property rises 9 stories high and includes 1 basement level, providing a total office supply structured for small to medium-sized enterprises. With a typical floor plate of 300 sqm, the building allows tenants to configure layouts to suit their specific operational requirements. The ceiling height is established at 2.7 meters, maintaining a standard professional environment.
Location and Connectivity
Positioned on Tran Thai Tong street within Cau Giay Ward, the building sits in a busy commercial area. This location provides straightforward access for clients and employees. Tenants can easily reach local dining options, banking services, and other commercial facilities in the surrounding neighborhood. For exact travel times to key transit points or specific nearby landmarks, tenants are advised to conduct a physical site survey or verify current traffic patterns during peak hours.
Technical Specifications and Operations
The building is equipped with standard systems to support daily business activities. Key technical details include:
- One Mitsubishi elevator serving all floors.
- A modern central air conditioning system with individual controls.
- 100% backup power generator capacity to ensure business continuity.
- Parking facilities comprising 1 basement level and surrounding outdoor spaces.
- Standard working hours from Monday to Friday (8:00 AM – 6:00 PM) and Saturday (8:00 AM – 12:00 PM).
- Motorbike parking fee of 100,000 VND per vehicle per month.
Leasing terms require a minimum of 3 years, with a 3-month deposit and quarterly payments. The rental price ranges from $9 to $10 per sqm, which includes the service fee. VAT is 10%. Overtime fees are negotiable, and electricity consumption for air conditioning is billed based on actual meter readings. Prospective tenants should confirm car parking availability and associated fees during lease negotiations.
Leasing Costs and Commercial Terms
Securing space at 58 Tran Thai Tong involves a structured financial commitment typical of Grade C properties in Cau Giay Ward. The rental rate ranges from $9 to $10 per square meter per month, which conveniently includes the base service fee. Tenants must account for an additional 10% VAT. The standard lease term requires a minimum commitment of 3 years, paired with a 3-month security deposit and quarterly rental payments.
Operational incidentals require careful budgeting. Motorbike parking is set at a fixed rate of 100,000 VND per vehicle monthly. However, car parking availability and pricing remain unconfirmed and must be negotiated directly. Electricity for the central air conditioning system is billed based on actual sub-meter consumption, allowing tenants to control their utility expenses. While some external sources suggest flexible after-hours policies, the official terms state that overtime fees are negotiable, making it essential to define these terms in the lease agreement.
Suitable Tenant Profiles and Checks
The building is well-suited for small to medium-sized enterprises seeking a straightforward, easily locatable office in a busy commercial hub. The 300 sqm typical floor plate can be divided to accommodate smaller teams, making it highly functional for local service providers, IT firms, and administrative offices. Before signing, prospective tenants should conduct several practical checks:
- Current Vacancy: Verify the exact contiguous floor area available at the time of inquiry.
- Parking Allocation: Confirm the specific number of motorbike and car parking slots allocated to your leased area.
- Overtime Costs: Clarify the exact hourly rate or conditions for operating outside standard working hours.
- Utility Metering: Inspect the sub-metering setup to ensure transparent billing for air conditioning and general electricity.
Advisory Conclusion
AP Building represents a functional and cost-effective office solution within Cau Giay Ward. Its combination of standard technical infrastructure—such as the Mitsubishi elevator and full backup power—and competitive rental rates provides a reliable base for businesses prioritizing budget efficiency. To ensure a smooth transition, tenants should conduct a detailed site survey and clarify all variable fees during the initial proposal stage.