Building Overview
No One Land is a Grade C office building located at 249 Hoang Quoc Viet, Nghia Do Ward. Standing 8 above-ground floors high, the property provides a typical floor plate of 400 sqm. This layout is suited for companies requiring spacious floor plans to accommodate multiple departments on a single level. Tenants can configure the space into open-plan layouts or smaller partitioned offices depending on operational requirements.
Location and Connectivity
Situated on Hoang Quoc Viet street in Nghia Do Ward, the building provides direct access to major thoroughfares. The location connects to the Ring Road 2 and Nhat Tan Bridge, placing Noi Bai International Airport within a 25-minute drive. Nearby local landmarks include Nghia Do Park, the Vietnam Museum of Ethnology, and the Tay Ho Tay urban area. The ground floor houses a SeABank branch, which simplifies daily financial transactions for tenants.
Technical Specifications and Operations
The building is equipped with modern infrastructure to support daily business operations:
- Air Conditioning: New generation central air conditioning system.
- Power Supply: 100% backup power generator capacity.
- Vertical Transportation: High-speed elevator system.
- Parking: Dedicated parking area located at the rear of 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.
Lease terms require a minimum of 3 years, with a 3-month deposit and quarterly payments. Rent ranges from $10 to $13 per sqm, which includes the service fee. Motorbike parking is priced at 100,000 VND/vehicle/month, and car parking is 1,200,000 VND/vehicle/month. Electricity for air conditioning is billed based on actual metered consumption. Prospective tenants should verify current space availability and any potential overtime fees during the lease negotiation phase.
Leasing Costs and Commercial Terms
The commercial structure at 249 Hoang Quoc Viet is structured around a base rent ranging from $10 to $13 per square meter per month, which already incorporates the building’s standard service fee. Value Added Tax of 10% is applied on top of this rate. Tenants should budget for additional operational expenses, including motorbike parking at 100,000 VND per vehicle monthly and car parking at 1,200,000 VND per vehicle monthly, with the parking area situated at the rear of the building.
Standard lease commitments require a minimum duration of 3 years. Financial terms follow a standard market structure:
- Security Deposit: Equivalent to 3 months of rent.
- Rental Payments: Settled on a quarterly basis.
- Air Conditioning Electricity: Billed separately based on actual metered consumption.
- Overtime Charges: Not pre-defined; requires verification during lease negotiation.
Suitable Tenant Profiles and Checks
With a typical floor plate of 400 square meters, this property is suited for corporate tenants requiring contiguous floor space to house multiple departments on a single level. The column layout and floor plate configuration support open-plan layouts or partitioned offices. This makes the property a practical option for mid-sized technology, logistics, or administrative operations that benefit from centralized team communication.
Before finalizing a lease, prospective tenants should conduct specific site checks. Since the building does not publish a standard overtime fee structure, businesses with regular late-night operations must negotiate after-hours air conditioning and electricity rates beforehand. Additionally, because parking is located at the rear of the building, tenants should verify the allocation of parking slots for both staff and visitors relative to their headcount.
Advisory Conclusion
No One Land in Nghia Do Ward offers a cost-effective Grade C office solution, combining a generous 400 square meter floor plate with essential technical infrastructure. The inclusion of the service fee within the $10 to $13 rent range provides budget predictability for growing businesses. To ensure a smooth transition, tenants are advised to confirm current space availability, clarify overtime policies, and review the exact parking capacity during the site survey phase.