Building Overview
Van Hoa Building is a Grade C office property situated at 51 Kim Ma, Giang Vo Ward. The development consists of 08 above-ground floors and 01 basement level dedicated to parking. With a typical floor plate of 120 sqm, the building is structured to accommodate small to medium enterprises, offering flexible space configurations that allow tenants to organize their layouts efficiently.
The commercial terms are structured with a rental rate ranging from $9 to $10 per sqm, which already includes the service fee. Tenants should note that VAT is 10%, and utility costs such as electricity are billed based on actual consumption. The standard leasing terms require a minimum commitment of 3 years, with a 3-month deposit and quarterly payments.
Location and Connectivity
Situated on Kim Ma street in Giang Vo Ward, the building occupies a well-established commercial corridor in Hanoi. This position provides direct access to local business services, dining options, and retail amenities.
Because specific local transit times and adjacent landmarks are not detailed in the official documentation, incoming tenants are advised to conduct a physical site survey to evaluate traffic patterns during peak hours and verify proximity to key business partners.
Technical Specifications and Operations
The property is equipped with standard building systems to support daily business operations:
- Ceiling Height: Clear height of 2.7 meters, providing a standard office environment.
- Air Conditioning: New generation central air conditioning system.
- Power Supply: 100% backup power generator capacity to ensure business continuity.
- Vertical Transportation: 01 high-speed elevator serving all floors.
- Parking Facilities: 01 basement level, with parking fees set at 1,500,000 VND per car per month and 150,000 VND per motorbike per month.
- Operating Hours: Standard operations run Monday through Friday from 7:00 AM to 7:00 PM, and Saturdays from 7:00 AM to 1:00 PM.
Prospective tenants should verify any potential overtime charges or after-hours AC policies directly during lease negotiations, as these details are subject to specific tenant requirements.
Leasing Costs and Commercial Terms
The financial structure at this property is designed for budget-conscious tenants seeking predictable overheads. The base rental rate is set between $9 and $10 per square meter per month, which incorporates the building service fee. This consolidated rate simplifies monthly accounting for small teams.
- Base Rent: $9 – $10 per sqm/month (inclusive of service fee).
- Value Added Tax: 10% applied to the lease rate.
- Vehicle Parking: 1,500,000 VND per car and 150,000 VND per motorbike monthly.
- Utilities: Electricity billed directly based on actual meter readings.
- Lease Commitment: Minimum term of 3 years with a 3-month security deposit.
- Payment Schedule: Settled on a quarterly basis.
Suitable Tenant Profiles and Checks
With a typical floor plate of 120 square meters, the property is well-suited for startups, representative offices, and small enterprises requiring a functional footprint in Giang Vo Ward. The compact floor plates allow smaller teams to occupy entire floors or distinct partitioned zones, avoiding the high costs of larger commercial developments.
Before finalizing any lease agreement, prospective tenants should perform several essential checks. Because current vacancy levels and specific divisible areas are not pre-defined, verifying real-time availability is critical. Additionally, tenants should clarify the policy regarding fit-out periods and confirm whether any overtime charges apply for operations extending beyond standard working hours.
Advisory Conclusion
This property offers a practical, cost-effective office solution within Giang Vo Ward. By combining an economical rental rate with essential operational infrastructure—such as central air conditioning and full backup power—it serves as a reliable base for businesses focused on cost control. Tenants seeking a straightforward commercial space with predictable monthly expenses will find this development aligns well with their operational requirements.