Building Overview
Mitec Tower is a Grade C office development completed in 2013 by CTCP Ợng dụng khoa học và Công nghệ. Managed directly by the building owner, this 11-story property features a single basement level and provides functional office layouts suitable for technology and service enterprises. The building features a well-proportioned typical floor plate of 620 sqm, which allows tenants to divide workspaces and meeting rooms efficiently. With a ceiling height of 2.7 meters, the office spaces offer a standard working environment.
Location and Connectivity
Situated on Duong Dinh Nghe in Cau Giay Ward, Hanoi, the building occupies a position in a developing business area in the western part of the city. This location supports corporate operations and client interactions. Tenants can access local amenities and nearby commercial developments. For specific inquiries regarding current floor availability or to verify the exact transit times to key business hubs, prospective tenants should coordinate a site survey.
Technical Specifications and Operations
The building is equipped with standard technical systems to support daily business activities:
- Elevators: Two high-speed elevators service the building’s 11 floors.
- Climate Control: A modern central air conditioning system maintains temperature control.
- Power Supply: A backup generator is configured to provide 100% capacity during power outages.
- Parking Facilities: Parking is allocated within the single basement level and the outdoor area surrounding the building.
- Operating Hours: Standard operations run from 8:00 AM to 6:00 PM on weekdays, and 8:00 AM to 12:30 PM on Saturdays.
- Insulation: The exterior features soundproof and heat-insulating double-glazed glass to manage noise and temperature.
The 11th floor also hosts a dedicated dining area, providing on-site food and beverage options for staff. Lease terms require a minimum of three years, with a three-month deposit and quarterly payments. Tenants should verify utility metering and overtime air conditioning fees during lease negotiations.
Leasing Costs and Commercial Terms
The financial structure at Mitec Tower is defined by a base rent ranging from $10 to $11 per square meter per month, with an additional service fee of 3 USD per square meter per month. Value Added Tax (VAT) is applied at the standard rate of 10%. Parking expenses are structured separately, with car parking set at 1,200,000 VND per vehicle per month and motorbike parking at 110,000 VND per vehicle per month. Electricity consumed for air conditioning is billed based on actual usage recorded by individual meters, ensuring tenants only pay for their direct consumption. Overtime air conditioning charges are subject to negotiation during the leasing process. The standard lease agreement requires a minimum duration of three years, structured with a three-month security deposit and quarterly rental payments.
Suitable Tenant Profiles and Checks
With its 620 sqm floor plates, the property is well-suited for technology companies, back-office operations, and service-oriented businesses requiring functional layouts in Cau Giay Ward. The column-free design supports efficient partitioning of workspaces and meeting rooms. To ensure operational alignment, prospective tenants should conduct the following checks during their site evaluation:
- Space Availability: Verify the exact contiguous floor area available at the time of inquiry.
- Parking Allocation: Confirm the ratio of basement and outdoor parking spaces allocated to your staff count.
- Overtime Terms: Negotiate specific rates for air conditioning and electricity usage outside standard working hours.
- Utility Metering: Review the sub-metering configuration for electricity to ensure transparent billing.
- Fit-out Period: Inquire about rent-free periods allowed for interior construction and setup.
Advisory Conclusion
Mitec Tower provides a practical Grade C office solution on Duong Dinh Nghe, Cau Giay Ward. Managed directly by the building owner, CTCP Ứng dụng khoa học và Công nghệ, the property offers a stable operational environment with straightforward commercial terms. For organizations prioritizing cost efficiency and functional floor layouts in the western business area, a formal site survey and lease-check are recommended to verify current availability and finalize lease negotiations.