Building Overview
Vapa Building is a Grade C office development located in Cau Giay Ward, Hanoi. Developed by the Vietnam Photographic Art Archives and Exhibition Center, this 9-story property features 1 basement level and provides a sustainable working environment. Notably, the building has achieved LOTUS certification, reflecting its commitment to energy efficiency and green building practices.
With a typical floor plate of 400 sqm and a clear ceiling height of 2.7 meters, the layout offers flexible configuration options for small to medium-sized enterprises. The property is well-suited for businesses seeking a balance between environmental sustainability and competitive rental rates.
Location and Connectivity
Situated at Lane 3, Ton That Thuyet, Cau Giay Ward, Hanoi, Vapa Building offers a quiet working environment slightly set back from the main thoroughfare. This position provides direct access to the established commercial and technology cluster around Ton That Thuyet and Duy Tan.
Tenants can easily connect to major intersections, including the junction of Ton That Thuyet, Tran Thai Tong, and Pham Van Bach, located approximately 500 meters away. This positioning facilitates transit across Cau Giay Ward and neighboring administrative areas. The surrounding neighborhood features a dense concentration of dining options, cafes, and essential business services.
Technical Specifications and Operations
The building’s technical infrastructure is designed to support daily business operations efficiently:
- Elevators: Equipped with 1 high-speed elevator.
- Climate Control: Managed via an individual air conditioning system, allowing localized temperature control.
- Power Backup: Supported by a 100% capacity backup generator.
- Parking: Provided across 1 basement level and designated outdoor areas around the building.
- Operating Hours: Standard operations run Monday to Friday from 8:00 AM to 6:00 PM, and Saturdays from 8:00 AM to 12:00 PM.
Prospective tenants should verify current space availability and specific overtime policies during the lease negotiation phase.
Leasing Costs and Commercial Terms
The financial structure at Vapa Building is positioned competitively for Grade C space in Cau Giay Ward. The base rent ranges from USD 8 to USD 10 per square meter per month, with an additional service fee of USD 1 per square meter per month. Value-added tax (VAT) of 10% is applicable.
Operational and parking expenses include:
- Motorbike Parking: 100,000 VND per vehicle per month.
- Car Parking: 1,000,000 VND per vehicle per month.
- Electricity: Billed based on actual metered consumption for individual air conditioning.
- Overtime Charges: Subject to direct negotiation depending on usage requirements.
- Lease Term: A minimum commitment of 3 years is standard.
- Payment Terms: A 3-month security deposit with quarterly rental payments.
Suitable Tenant Profiles and Checks
Vapa Building is well-suited for organizations that prioritize environmental sustainability alongside cost management. The LOTUS certification makes it a viable option for companies with green mandates or energy-efficiency targets. With typical floor plates of 400 square meters and a 2.7-meter ceiling height, the layout accommodates small to medium-sized enterprises requiring flexible partitioning.
Before finalizing lease agreements, prospective tenants should conduct specific site-survey checks:
- Confirm the exact available floor area at the time of inquiry, as vacancy levels fluctuate.
- Clarify the allocation of parking spaces in the basement and outdoor areas relative to staff headcount.
- Negotiate specific overtime terms if operations regularly extend beyond standard hours.
Advisory Conclusion
Vapa Building, developed by the Vietnam Photographic Art Archives and Exhibition Center, provides a practical office solution in Cau Giay Ward. By combining a LOTUS-certified green framework with competitive rental rates, the property addresses the needs of cost-conscious tenants who do not want to compromise on environmental standards. While its location in Lane 3 of Ton That Thuyet offers a quieter setting away from direct main-road traffic, the proximity to major intersections ensures reliable connectivity for daily business operations.