Building Overview
Completed in 2014, Toa nha Hoi nha bao Viet Nam is a Grade C office development located in Cau Giay Ward. Owned and managed directly by the Vietnam Journalists Association (Hoi nha bao Viet Nam), the property consists of 10 stories above ground and 1 dedicated basement level. A key feature of this development is its expansive typical floor plate of 1,500 sqm. This floor size allows large-scale enterprises, public organizations, and research centers to establish centralized, efficient workspaces on a single floor, minimizing the need for split-level operations and improving internal communication.
Location and Connectivity
Situated on Duong Dinh Nghe, Cau Giay Ward, Hanoi, the building provides straightforward access to key local transport routes. Tenants can connect to major roads including Pham Hung, Ring Road 3 (Vanh dai 3), Tran Thai Tong, and Trung Kinh. This established commercial pocket in Cau Giay Ward offers a variety of supporting amenities within walking distance, such as restaurants, cafes, retail shops, and banking transaction points, which facilitate daily operations and client meetings. The location also allows convenient commutes for staff residing in surrounding residential areas.
Technical Specifications and Operations
The building is equipped with functional technical systems designed to maintain a stable working environment:
- Ceiling height: Clear height of 2.7 meters, providing standard vertical clearance.
- Vertical transportation: 3 high-speed elevators serving all floors.
- Climate control: Modern central air conditioning system, with AC electricity costs included in the base service fee.
- Power supply: 100% backup generator capacity to prevent operational disruptions.
- Parking facilities: 1 basement level combined with outdoor parking areas around the building.
- Standard operating hours: Monday to Friday (8:00 AM – 6:00 PM) and Saturday (8:00 AM – 12:00 PM).
For prospective tenants, the standard lease term is a minimum of 3 years, with a 3-month deposit and quarterly rental payments. Incoming businesses should clarify after-hours operational costs and confirm exact available areas during the initial site survey.
Leasing Costs and Commercial Terms
The financial structure at Toa Nha Hoi Nha Bao Viet Nam offers a cost-effective option for businesses seeking large-scale space in Cau Giay Ward. The base rent ranges from $8 to $10 per square meter per month. In addition to this base rate, tenants are responsible for a service fee of $1 per square meter per month and a 10% Value Added Tax (VAT).
Operational and parking expenses are structured as follows:
- Air conditioning electricity: Included in the standard service fee during regular working hours.
- Car parking: 1,000,000 VND per vehicle per month.
- Motorbike parking: 100,000 VND per vehicle per month.
- Lease commitment: Minimum term of 3 years.
- Payment terms: A 3-month security deposit with rent payable on a quarterly basis.
Suitable Tenant Profiles and Checks
With its expansive 1,500 square meter floor plates, the building is well suited for large-scale enterprises, administrative organizations, and research institutions that require a single, unified floor to house multiple departments. This layout supports workflow and internal communication.
Before finalizing a lease agreement, prospective tenants should conduct specific site-survey checks:
- Overtime fees: Confirm the exact charges for operating central air conditioning and lighting outside standard working hours, as these rates are not pre-defined.
- Space division: Verify the layout options and how the landlord handles partitioning for smaller configurations if a full floor is not required.
- Parking allocation: Assess the available capacity in the basement and outdoor areas to ensure it meets the daily needs of employees and visitors.
Advisory Conclusion
Toa Nha Hoi Nha Bao Viet Nam represents a practical, budget-conscious choice for organizations prioritizing floor space and cost efficiency over high-end luxury. Managed directly by the Vietnam Journalists Association, the property delivers stable technical operations, including full backup power and central air conditioning, at a competitive price point. For companies looking to establish a large operational footprint in Cau Giay Ward without the higher costs of Grade A or B developments, this building offers a functional and reliable office solution.