Building Overview
Newtatco Building is a Grade C office property managed directly by its owner, Newtatco. The development consists of 09 above-ground floors and 01 basement level, offering a typical floor plate of 160 sqm. This compact layout is highly configurable, making it a practical choice for startups and small to medium-sized teams seeking to organize their workspace efficiently.
Leasing terms at the property require a minimum of 3 years, with a standard 3-month deposit and quarterly payments. The rental rate ranges from $15 to $16 per sqm, which already includes the building service fee. This structure provides predictable overhead costs for budget-conscious businesses.
Location and Connectivity
Situated at 21 Lang Ha, O Cho Dua Ward, Ha Noi, the building provides direct access to one of the area’s established commercial corridors. The location allows tenants to connect easily with local banks, retail options, and business services in the surrounding neighborhood.
For daily commuting, motorbike parking is complimentary for a specified number of vehicles based on the leased area, while car parking is available near the building. Prospective tenants should verify the exact allocation of complimentary parking slots and nearby car parking capacities during their initial site survey.
Technical Specifications and Operations
The building is equipped with standard operational systems to support daily business activities:
- Elevators: 02 high-speed Mitsubishi elevators.
- Air Conditioning: Toshiba intelligent air conditioning system, with actual consumption charged based on meter readings.
- Backup Power: 100% backup power generator.
- Ceiling Height: 2.7 meters.
- Parking: 01 basement level and outdoor parking around the building.
- Overtime Fee: 0.3 USD/sqm/hour.
Standard working hours run from Monday to Friday (8:00 AM – 6:00 PM) and Saturday (8:00 AM – 12:30 PM). Tenants are advised to clarify overtime charges for specific server rooms or extended operations prior to lease finalization.
Leasing Costs and Commercial Terms
The financial structure at Newtatco Building is straightforward, with rental rates positioned between $15 and $16 per square meter. This rate is inclusive of the base service fee, which simplifies monthly accounting for tenants. However, a standard Value Added Tax (VAT) of 10% applies to these figures.
To assist with budgeting, tenants should note the following commercial terms:
- Lease Duration: A minimum commitment of 3 years is required.
- Payment Terms: A standard 3-month deposit is paired with quarterly rental payments.
- Electricity and AC: Air conditioning consumption is billed separately based on actual meter readings.
- Overtime Charges: Extended operations beyond standard hours incur a fee of 0.3 USD per square meter per hour.
- Vehicle Parking: Motorbike parking is complimentary for a set number of slots determined by the leased area, while car parking is arranged nearby.
Suitable Tenant Profiles and Checks
With a typical floor plate of 160 square meters, this property is well-suited for startups, small businesses, and compact project teams that require a functional, self-contained office environment without the high overhead of larger commercial developments. The layout allows for straightforward partitioning, making it easy to set up meeting rooms, executive offices, and open-plan work areas.
Before signing, prospective tenants should conduct specific lease-checks. It is advisable to verify the exact number of complimentary motorbike parking spaces allocated to your specific floor area. Additionally, because car parking is located off-site near the building, teams with frequent visitors or executives requiring dedicated car spaces should survey the nearby parking lots to confirm current rates and daily availability.
Advisory Conclusion
Newtatco Building offers a practical and cost-effective office solution within O Cho Dua Ward. By combining a competitive rental rate that includes service fees with essential technical amenities, the property provides a predictable cost structure for growing enterprises. Tenants seeking to establish a presence along the Lang Ha corridor will find this building to be a highly functional base. For the most accurate planning, businesses should request an updated schedule of available spaces and confirm any variable utility costs during their physical site inspection.