Building Overview
Chigamex Building, developed by CTCP May Chien Thang, is a Grade C office development located in Giang Vo Ward. Rising 06 above-ground floors, this property provides a practical workspace solution tailored for organizations seeking to manage operational expenses without compromising on floor area.
The building is characterized by its expansive typical floor plate of 800 sqm. This layout allows tenants to organize multiple departments or functional zones on a single level. It serves as an efficient choice for budget-conscious businesses that require large, contiguous workspaces.
Location and Connectivity
Situated at 22 Thanh Cong, Giang Vo Ward, Ha Noi, Chigamex Building occupies a position in an area known for its relatively quiet traffic flow. This setting helps reduce external noise, supporting a focused working environment.
The surrounding neighborhood contains local dining options, eateries, and hotels, which support the daily needs of employees. Prospective tenants should conduct a site survey to evaluate local traffic patterns during peak hours and verify the exact proximity to nearby transit routes.
Technical Specifications and Operations
The building is equipped with standard commercial infrastructure to support daily business activities:
- Ceiling Height: Clear height of 2.65 meters, providing standard vertical clearance.
- Vertical Transport: Equipped with 02 high-speed elevators.
- Climate Control: Ceiling-mounted air conditioning system.
- Power Backup: 100% backup power generator capacity.
- Parking: Dedicated parking area located around the building.
- Operating Hours: Monday to Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM.
Financial terms include a rental rate of $8 to $10 per sqm, which already incorporates the service fee. Motorbike parking is priced at 80,000 VND per month, while car parking is 1,200,000 VND per month. Overtime charges are complimentary, and electricity for air conditioning is billed based on actual meter readings. The standard lease requires a minimum 3-year commitment, with a 3-month deposit and quarterly payments. Tenants are advised to confirm current space availability and specific utility terms prior to signing.
Leasing Costs and Commercial Terms
The financial structure at Chigamex Building is configured for straightforward cost control. The base rent of $8 to $10 per square meter already incorporates the service fee, which simplifies monthly accounting. However, tenants must factor in the 10% Value Added Tax (VAT) on top of this rate. The standard lease requires a minimum commitment of 3 years, backed by a 3-month deposit and quarterly payments.
For vehicle parking, the building charges 1,200,000 VND per car monthly and 80,000 VND per motorbike monthly. A notable operational benefit is the complimentary overtime policy, allowing businesses to run extended hours without incurring additional hourly building fees. Air conditioning electricity is billed separately based on actual meter readings, which requires tenants to monitor their specific consumption.
Suitable Tenant Profiles and Checks
With its spacious 800 sqm floor plates, this property is well-suited for specific tenant categories:
- Back-Office Operations: Companies requiring large administrative teams on a single floor to streamline internal communication.
- Budget-Conscious Enterprises: Businesses prioritizing low overhead costs while maintaining a presence in Giang Vo Ward.
- Local Logistics or Trading Firms: Organizations that benefit from a quiet street setting with straightforward access.
Before finalizing a lease, incoming tenants should conduct a physical site survey to evaluate the following:
- AC and Ventilation: Verify the cooling efficiency of the ceiling-mounted air conditioning system across the entire 800 sqm floor.
- Parking Capacity: Assess the available parking spaces around the building during peak business hours.
- Power and Elevators: Check the performance of the two high-speed elevators and confirm the backup generator switchover times.
Advisory Conclusion
Chigamex Building represents a practical, cost-effective option in Giang Vo Ward. It balances competitive rental rates with large floor plates, making it a viable alternative to more expensive commercial hubs. While it lacks high-end modern finishes, its functional infrastructure and complimentary overtime policy provide clear operational savings. Tenants seeking to secure space here should verify current vacancy levels and clarify any specific maintenance responsibilities in the lease agreement.