Building Overview
HD Building, completed in 2010 by CTCP Hiền Đức, offers a functional Grade C office solution in Cua Nam Ward. Managed directly by the building owner, the property features 9 stories above ground and 2 basement levels. With a typical floor plate of 175 sqm, the building provides flexible layout options that accommodate small to medium-sized enterprises looking for efficient workspace configurations. The standard lease term requires a minimum of 3 years, structured with a 3-month deposit and quarterly payments.
Location and Connectivity
Situated at 57 Tran Quoc Toan, Cua Nam Ward, Ha Noi, the building occupies a central position within an established commercial cluster. This location allows tenants to establish a presence near local administrative offices, embassies, and corporate properties. The surrounding street network facilitates straightforward transit to adjacent business areas. Prospective tenants are advised to conduct a site survey to assess local traffic conditions and parking accessibility during peak business hours.
Technical Specifications and Operations
The technical infrastructure at HD Building is designed to support daily business operations reliably. The building’s operational parameters and systems include:
- Ceiling Height: Clear height of 2.7 meters, allowing for standard office fit-outs.
- Air Conditioning: Daikin VRV central air conditioning system, with electricity billed based on actual meter readings.
- Elevators: 2 ThyssenKrupp elevators ensuring vertical transit efficiency.
- Power Supply: 100% capacity backup generator supporting continuous operations during outages.
- Parking Facilities: Dedicated vehicle parking space provided across 2 basement levels.
- Operating Hours: Standard operations run Monday to Friday (8:00 AM – 6:00 PM) and Saturday (8:00 AM – 12:00 PM).
Additional operational costs include a car parking fee of 2,000,000 VND per month and a motorbike parking fee of 150,000 VND per month. Overtime charges are subject to negotiation based on specific tenant requirements.
Leasing Costs and Commercial Terms
The commercial structure at HD Building is positioned within the budget-friendly segment for central Hanoi. Rent ranges from $13 to $14 per square meter per month, which includes the service fee. Value Added Tax (VAT) of 10% is applicable.
Key financial terms and operational expenses include:
- Base Rent: $13 – $14 per sqm/month (inclusive of service charges).
- Value Added Tax: 10% applied to the gross rent.
- Deposit & Payment: A standard 3-month deposit with quarterly rental payments.
- Lease Term: Minimum commitment of 3 years.
- Parking Fees: Car parking is priced at 2,000,000 VND per vehicle monthly; motorbikes are charged at 150,000 VND per vehicle monthly.
- Utility & Overtime Costs: Electricity for air conditioning and office use is billed by actual meter readings. Overtime charges are negotiable.
Suitable Tenant Profiles and Checks
With a typical floor plate of 175 sqm, the building is suited for small to medium-sized enterprises seeking a functional, cost-effective base in Cua Nam Ward. The layout allows for flexible configurations, making it practical for administrative offices, local agencies, or service-oriented firms.
Before finalizing a lease, prospective tenants should conduct several operational checks:
- Current Vacancy: Verify exact available floor areas and contiguous space options directly with the landlord, as availability fluctuates.
- Parking Allocation: Confirm the specific number of basement parking slots allocated to your lease size, especially for car parking.
- Overtime Terms: Clarify the exact hourly rates or conditions for after-hours air conditioning and lighting if your operations extend beyond standard hours.
Advisory Conclusion
HD Building offers a practical leasing solution for businesses prioritizing a central address in Cua Nam Ward without the high overhead of Grade A or B properties. Its straightforward commercial terms, combined with essential technical provisions like full backup power and central air conditioning, support stable daily operations. Tenants should engage in early negotiations regarding parking allocations and overtime terms to ensure the lease aligns with their specific operational patterns.