Building Overview
Completed in 2010, VMT Building is a Grade C office development located in Cau Giay Ward. Developed by Công ty TNHH Thương mại Việt Mai and managed directly by the building owner, this property offers a stable environment for businesses seeking cost-effective workspace. The building rises 9 stories high and includes 1 dedicated basement level for parking.
With a typical floor plate of 450 sqm, the interior layouts are highly adaptable, allowing tenants to divide the floor into efficient workspaces for various departments. The rental rates range from $12 to $13 per sqm, which already includes the service fee, while VAT is calculated at 10%.
Location and Connectivity
VMT Building is situated at Lane 82 Duy Tan, Cau Giay Ward, Hanoi. This location sits within a bustling commercial and technology cluster, providing tenants with direct access to a dense network of local businesses and services. The street system allows convenient connections to major thoroughfares such as Tran Thai Tong, Pham Hung, Cau Giay, and Pham Van Dong, facilitating travel to both central Hanoi and suburban areas.
The surrounding neighborhood is well-equipped with numerous restaurants, cafes, and retail amenities, supporting daily employee needs and client meetings. Tenants looking to establish a presence here will benefit from the established commercial ecosystem of the area.
Technical Specifications and Operations
The building is equipped with standard commercial infrastructure to support daily business operations. Key technical details and leasing terms include:
- Ceiling Height: 2.7 meters, providing a standard professional environment.
- Elevators: 2 Fuji brand passenger elevators.
- Air Conditioning: Toshiba central air conditioning system.
- Backup Power: 100% capacity backup generator.
- Parking: 1 basement level and additional on-site parking spaces around the building.
- Operating Hours: Monday to Saturday, from 8:00 AM to 7:00 PM.
Leasing terms require a minimum 3-year commitment, with a 3-month deposit and quarterly payments. Motorbike parking is priced at 4.4 USD per vehicle per month, and car parking is available at 50 USD per vehicle per month. Electricity consumption, including air conditioning, is billed based on actual meter readings. Prospective tenants are advised to verify current vacancy layouts and confirm any applicable after-hours operational fees during the site-survey phase.
Leasing Costs and Commercial Terms
The financial structure at VMT Building is straightforward, making it a predictable option for budget-conscious tenants. The gross rental rate ranges from $12 to $13 per square meter per month, which already incorporates the building’s service fee. Value Added Tax (VAT) is calculated separately at 10%.
Key commercial terms and operational expenses include:
- Lease Term: A minimum commitment of 3 years is standard.
- Deposit and Payment: A 3-month security deposit with quarterly rental payments.
- Motorbike Parking: Billed at 4.4 USD per vehicle per month.
- Car Parking: Billed at 50 USD per vehicle per month.
- Electricity and AC: Charged based on actual consumption recorded by individual meters.
Suitable Tenant Profiles and Checks
With floor plates of 450 square meters that can be partitioned, VMT Building is well-suited for small to medium-sized enterprises in technology, logistics, and professional services. The established commercial ecosystem of Cau Giay Ward provides a supportive backdrop for businesses that do not require high-end branding but value operational stability and cost efficiency.
Before finalizing a lease agreement, incoming tenants should conduct several practical checks:
- After-Hours Operations: Since the standard working hours are Monday to Saturday from 8:00 AM to 7:00 PM, clarify any overtime fees for air conditioning or electricity if your team operates late.
- Parking Capacity: Verify the allocation of motorbike and car parking spaces in the basement and surrounding area to ensure it meets your staff’s requirements.
- Current Vacancies: Confirm the exact layout configurations currently available, as actual partition options depend on existing tenant layouts.
Advisory Conclusion
VMT Building remains a practical, cost-effective option in Cau Giay Ward. Managed directly by the owner, Công ty TNHH Thương mại Việt Mai, the property delivers essential commercial infrastructure at a competitive price point. For organizations prioritizing budget control and a functional workspace over aesthetic luxury, this development offers a reliable base for long-term operations.