Overview of the Building
Econice Building, a Grade C office option in central Hanoi, is strategically located at 201 Ba Trieu, Hai Ba Trung District. With a scale of 08 above-ground floors and 01 basement level, the building is designed to meet the diverse needs of businesses, especially small and medium-sized enterprises (SMEs) looking for efficient workspace at an optimal cost. Featuring flexible total leasable area and a typical floor plate of 210 sqm, Econice Building provides a professional working environment, managed and operated according to basic standards of the Grade C office segment. The building stands out for its convenient location, offering easy access to key economic areas and public amenities.
Location and Connectivity
Econice Building boasts a prime location at 201 Ba Trieu Street, Hai Ba Trung Ward, one of Hanoi’s busiest commercial and service thoroughfares. This location not only offers geographical advantages but also ensures excellent transportation connectivity.
- Regional Connectivity: From Econice Building, businesses can easily reach other central districts such as Hoan Kiem, Dong Da, and Ba Dinh within minutes. Ba Trieu Street is a vital artery, providing quick links to other major roads like Dai Co Viet, Le Dai Hanh, and Tran Khat Chan, facilitating convenient commuting for employees and partners.
- Surrounding Amenities: The area around the building is rich in diverse amenities, catering to all office needs. Within close proximity, one can find major banks (Vietcombank, Techcombank, VPBank), shopping centers (Vincom Ba Trieu), restaurants, cafes, and healthcare facilities. The presence of numerous other office buildings in the vicinity also creates a vibrant business community, opening up many opportunities for collaboration and development. This location is particularly suitable for businesses requiring a visible and commercially active address.
Technical Specifications and Operational Amenities
Econice Building is equipped with basic technical specifications and operational amenities, ensuring a stable and efficient working environment for tenant businesses.
- Scale: The building features 08 above-ground floors dedicated to office space and 01 basement level for parking.
- Typical Floor Area: Each office floor spans approximately 210 sqm, allowing businesses flexibility in arranging their workspace, from open-plan offices to private departments.
- Standard Working Hours: The building operates from Monday to Friday (8:00 AM – 6:00 PM) and Saturday (8:00 AM – 12:00 PM), aligning with typical corporate working schedules.
- Air Conditioning System: Utilizes a local air conditioning system, providing convenience for each tenant to control temperature according to their specific needs, optimizing comfort and energy savings.
- Elevators: The building is equipped with 01 high-speed elevator, ensuring quick and convenient vertical transportation between floors, minimizing waiting times during peak hours.
- Backup Power: Econice Building currently does not have a backup power system. Businesses should note this point and plan accordingly for critical equipment.
- Fire Protection System: Equipped with standard fire protection systems, ensuring safety for occupants and property within the building.
- Security: A professional security team and 24/7 CCTV surveillance ensure safety and order throughout the building.
- Parking: The building has 01 basement floor dedicated to motorbike parking. For cars, tenants can utilize public or private parking lots in the vicinity, with costs and conditions subject to separate agreements.
Rental Costs and Commercial Terms
Econice Building offers an office solution with reasonable costs, suitable for the budgets of various business types. The rental terms are designed to be clear and transparent.
- Office Rent: Ranges from $9 – $11 /sqm/month (excluding VAT). This is a competitive price for a central location in Hai Ba Trung District.
- Service Fee: Included in the rent, covering management fees, common area cleaning, technical system maintenance, and 24/7 security.
- Value Added Tax (VAT): 10% on the total rent and service fee.
- Car Parking Fee: Detailed information regarding car parking costs needs to be confirmed directly with the building management or nearby parking service providers. Currently, car parking is primarily available in areas close to the building.
- Motorbike Parking Fee: 150,000 VND/motorbike/month, applicable for parking in the building’s basement.
- Overtime Fee: Subject to agreement between the tenant and building management, depending on the need for electricity and air conditioning outside standard working hours.
- Minimum Lease Term: Typically 2-3 years, with flexible renewal terms.
- Deposit and Payment: Usually 3 months’ rent as a deposit, with payments made quarterly or monthly.
Suitable Business Profile
Econice Building is an ideal choice for a range of businesses seeking office space in Hanoi.
- Small and Medium-sized Enterprises (SMEs): With flexible floor areas and affordable rental rates, the building is highly suitable for SMEs looking for a reputable business address in the city center without incurring excessive costs.
- Startups: Startups can leverage the advantages of location and cost to establish their first office, build a professional image, and easily access clients.
- Representative Offices: Larger companies looking to expand their market or establish a representative office in Hanoi may consider Econice Building due to its convenient location and connectivity.
- Service Industries: Particularly suitable for small-scale companies in consulting, information technology, e-commerce, education, or other professional services that require a stable and accessible workspace.
The building provides a dynamic working environment where businesses can grow and expand their network within a diverse business community.
Conclusion
Econice Building at 201 Ba Trieu, Hai Ba Trung District, is a commendable Grade C office solution for businesses seeking a balance between a prime location, reasonable costs, and essential amenities. Although it lacks backup power, the building ensures necessary elements for daily business operations, from local air conditioning systems and high-speed elevators to 24/7 security. With convenient transportation links and a vibrant surrounding business environment, Econice Building promises to provide a solid foundation for business growth in the heart of the capital.