Building Overview
Viglacera Exim Building, developed by CTCP Dau tu va Xuat nhap khau Viglacera, provides a practical leasing solution for small and medium-sized enterprises. Located at 2 Hoang Quoc Viet, Nghia Do Ward, this Grade C property features 9 office floors and 1 basement.
With a typical floor plate of 200 sqm, the building allows flexible partitioning to accommodate various team sizes. The direct management by the building owner ensures consistent operational oversight. Tenants benefit from a cost-efficient structure where the base rent of $12 to $14 per sqm already includes the service fee, making it a highly predictable option for corporate budgeting.
Location and Connectivity
Situated near the intersection of Hoang Quoc Viet and Buoi Road, the building occupies a strategic position in Nghia Do Ward. This location provides straightforward transit routes to major northern industrial corridors and suburban areas.
The surrounding neighborhood is a developed commercial hub, hosting multiple banks, retail outlets, and administrative offices. This established business ecosystem supports daily operations and client interactions. Tenants should verify specific local traffic patterns during peak hours to plan commutes effectively.
Technical Specifications and Operations
The building is designed to support standard business operations with reliable utility systems. Key technical and operational details include:
- Elevators: 2 Fuji passenger elevators servicing all floors.
- Air Conditioning: Individual air conditioning systems, allowing independent temperature control per unit.
- Backup Power: 100% capacity backup generator to maintain operations during power outages.
- Ceiling Height: Standard clearance of 2.7 meters.
- Parking: 1 dedicated basement floor supplemented by outdoor parking spaces 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.
Motorbike parking is free of charge, while car parking is priced at 1,200,000 VND per vehicle monthly. Electricity for air conditioning is billed based on actual meter consumption, and overtime fees remain negotiable. Prospective tenants are advised to confirm current floor availability and specific layout options during the site survey.
Leasing Costs and Commercial Terms
The financial structure at Viglacera Exim Building is designed to be straightforward. The base rent ranges from $12 to $14 per square meter, which already incorporates the operational service fee, simplifying monthly corporate accounting. Key commercial terms include:
- Lease Term: A minimum commitment of 3 years is standard for all office spaces.
- Deposit and Payment: A 3-month security deposit is required, with rental payments settled on a quarterly basis.
- Value Added Tax: A 10% VAT applies to the leasing costs.
- Parking Fees: Motorbike parking is free of charge, while car parking is set at 1,200,000 VND per vehicle monthly.
- Utility Expenses: Electricity for air conditioning is billed based on actual meter consumption.
- Overtime Charges: Fees for extended working hours are negotiable directly with the building owner.
Suitable Tenant Profiles and Checks
The 200 sqm typical floor plate is highly practical for small to medium-sized enterprises and growing startups. This layout allows for straightforward partitioning, enabling tenants to separate administrative zones from collaborative workspaces without wasting square footage.
Before signing, prospective tenants should perform specific checks. Verify the exact sub-metering setup for electricity to ensure accurate billing. Since overtime fees are negotiable, businesses that routinely operate outside standard hours should establish these rates during initial discussions. Additionally, confirm the current vehicle capacity in the basement and outdoor areas to ensure adequate parking for employees.
Advisory Conclusion
Viglacera Exim Building in Nghia Do Ward offers a predictable cost structure for businesses prioritizing budget control. The inclusion of service fees in the base rent, combined with free motorbike parking, provides clear financial advantages. While it lacks the extensive amenities of higher-grade properties, its functional design and direct owner management deliver reliable daily operations. Tenants seeking a straightforward, cost-efficient office in this part of Hanoi will find the property to be a practical fit.