Building Overview
Viet Dragon Building is a Grade C office development situated at 11 Duy Tan Lane, Cau Giay Ward. Designed with a scale of 09 above-ground floors and 01 basement level, this property provides a total leasing area suitable for small to medium enterprises.
The typical floor plate is 150 sqm, allowing tenants to configure private and efficient workspaces. With a ceiling height of 2.7 meters, the office environment maintains a comfortable and functional atmosphere. The building is particularly suited for startups and representative offices seeking a practical, cost-effective presence in this active business hub.
Location and Connectivity
The building is located at 11 Duy Tan Lane, Cau Giay Ward, Hanoi. Positioned on a corner lot with two frontages, the property offers a wide lane that allows cars to access the entrance directly. This location provides a spacious front lobby, which is convenient for clients and visitors.
While situated in a lane rather than on a main thoroughfare, the site remains functional for daily operations, especially for technology, IT, and engineering firms. The surrounding neighborhood features a variety of supporting amenities, including local restaurants, cafes, supermarkets, and bank transaction offices such as Techcombank, Vietcombank, BIDV, and Agribank, facilitating convenient daily transactions.
Technical Specifications and Operations
Viet Dragon Building is equipped with essential technical infrastructure to support daily business activities. The operational specifications include:
- Elevator: 01 high-speed elevator.
- Air Conditioning: Modern central air conditioning system.
- Backup Power: Generator providing 100% power capacity.
- Parking: 01 basement level for parking, with additional vehicle parking available at an adjacent lot.
- Working Hours: Monday to Friday from 7:30 AM to 6:00 PM, and Saturday from 7:30 AM to 12:00 PM.
Leasing terms require a minimum 3-year commitment, with a 3-month deposit and quarterly payments. The rental rate ranges from $10 to $12 per sqm, which already includes the service fee. Motorbike parking is charged at 120,000 VND per vehicle per month, while electricity for air conditioning is billed based on actual meter consumption. Tenants should verify current area availability and any potential after-hours operational costs during the site survey.
Leasing Costs and Commercial Terms
The financial structure at Viet Dragon Building is designed to support cost-conscious operations. The base rent ranges from $10 to $12 per square meter, which conveniently includes the building service fee. Value Added Tax (VAT) is applied at 10%. Tenants should budget for additional operational expenses, which are structured as follows:
- Lease Term: A minimum commitment of 3 years is standard.
- Deposit and Payment: A 3-month security deposit is required, with rental payments settled on a quarterly basis.
- Motorbike Parking: Charged at 120,000 VND per vehicle per month.
- Car Parking: Vehicle parking is accommodated at an adjacent lot, with rates subject to direct verification.
- Electricity: Billed based on actual consumption recorded by individual meters.
Suitable Tenant Profiles and Checks
With a typical floor plate of 150 square meters, this property is well-suited for startups, representative offices, and small to medium enterprises. The layout is highly efficient for technology, IT, and engineering firms that require functional, private office setups without the high overhead of main-road developments in Cau Giay Ward.
Before finalizing any lease agreement, incoming tenants should conduct a thorough site survey to verify several operational details. First, confirm the exact configuration of available spaces, as floors can sometimes be partitioned into smaller units of 70 or 80 square meters. Second, clarify the specific policies and potential costs associated with after-hours or overtime air conditioning usage, as these are not standardly defined. Finally, check the capacity and current pricing at the adjacent car parking lot to ensure it meets your team’s commuting requirements.
Advisory Conclusion
Viet Dragon Building represents a practical and cost-effective Grade C leasing option in Cau Giay Ward. While situated in a lane rather than on a major thoroughfare, its dual-frontage corner location and essential technical provisions—including a backup generator and central air conditioning—provide a stable environment for daily business operations. For organizations prioritizing budget efficiency and functional space over high-profile corporate branding, this property offers a reliable foundation for long-term growth.