Building Overview
27 Vu Ngoc Phan Building is a small-scale Grade C office property featuring 6 above-ground floors and 1 basement level. With a square layout and three open sides, the workspace maximizes natural light, allowing tenants to partition the floor plate easily. This is a budget-friendly option for businesses prioritizing practical utility and stable operations. Actual vacant space must be verified directly at the time of contact.
Location and Connectivity
Situated at 27 Vu Ngoc Phan in Lang Ward, the building features an open and quiet frontage. This location allows businesses to establish convenient transactions without facing heavy traffic pressure. Due to limited on-site car parking, tenants should consider nearby parking lots for visitors and staff.
Technical Specifications and Operations
The building is equipped with basic utilities to support daily office operations:
- Rental rate: Ranging from $9 to $10/sqm, with the service fee already included to help tenants plan their budgets easily.
- Air conditioning: Individual units, with electricity costs billed based on actual meter consumption.
- Elevator: 1 elevator serving internal transit.
- Parking: 1 basement level for motorbike parking at a cost of 120,000 VND/bike/month.
- Lease term: A minimum of 3 years, with a 3-month deposit and quarterly payments. Overtime fees are subject to direct negotiation.
Leasing Costs and Commercial Terms
With a rental rate ranging from $9 to $10/sqm, which already includes the service fee, this building is a highly competitive option in Lang Ward. Tenants should budget for an additional 10% VAT and electricity costs for the air conditioning based on actual meter usage. Motorbike parking is priced at 120,000 VND/space/month, while cars are directed to nearby parking lots due to limited on-site capacity. The lease term requires a minimum of 3 years, with a 3-month deposit and quarterly payments, ensuring long-term financial stability.
Suitable Tenant Profiles and Checks
The property is well-suited for small and medium-sized enterprises seeking budget-friendly operations and a quiet, practical workspace. The square layout with three open sides supports efficient partitioning. However, because the typical floor plate size is not publicly disclosed, an important tenant check is to conduct a physical survey to measure the space and plan the layout. Additionally, actual vacant space fluctuates, so tenants should verify current availability at the time of contact.
Advisory Conclusion
27 Vu Ngoc Phan Building is a practical Grade C office option for businesses seeking a balance between affordable costs and basic utility. While there are few complex amenities to verify, its stable operations and clear leasing terms allow tenants to focus on core business activities without heavy financial pressure.