Building Overview
NHS Center is a Grade B office development completed in 2017 by CTCP Dau tu xay dung NHS. Managed directly by the building owner, this property provides a professional workspace tailored for tech firms, startups, and businesses seeking a contemporary corporate image. The building features a regular floor plate of 631 sqm, allowing tenants to divide functional areas efficiently. The modern facade features extensive glazing, ensuring ample natural light throughout the working day.
Location and Connectivity
Situated at 214 Hao Nam, O Cho Dua Ward, Hanoi, the building occupies a prominent position in a well-established administrative and commercial hub. Tenants benefit from proximity to key public institutions, such as the State Treasury of Vietnam, as well as local dining and retail options. The ground floor houses a VIB bank branch, facilitating immediate financial transactions for occupiers. The surrounding area is highly active, with numerous cafes, restaurants, and business services situated within walking distance.
Technical Specifications and Operations
The physical structure comprises 7 above-ground floors. Technical systems and operational parameters include:
- Ceiling Height: Clear height of 2.7 meters.
- Elevators: 3 high-speed Mitsubishi passenger lifts.
- Air Conditioning: Daikin central air conditioning system.
- Backup Power: 100% capacity backup generator.
- Operating Hours: Monday to Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM.
- Parking Facilities: While the structural scale lists 1 basement level, the parking description notes 4 basement levels; incoming tenants should verify the exact designated parking capacity and allocation during the lease-checking phase.
The standard lease term requires a minimum of 3 years, secured by a 3-month deposit and quarterly rental payments. Rental rates range from $20 to $22 per sqm, which includes the service fee. Electricity for air conditioning is billed based on actual consumption via individual meters, while overtime charges are negotiable. Motorbike parking is priced at 100,000 VND per month, and car parking is available at 2,500,000 VND per month.
Leasing Costs and Commercial Terms
The financial structure at this property is transparent, with rent set between $20 and $22 per square meter. This base rate already incorporates the building service fee, though a 10% VAT is applicable. Tenants should budget for additional operational expenses, such as electricity for the Daikin air conditioning system, which is billed based on actual meter readings.
Key commercial terms include:
- Lease Duration: A minimum commitment of 3 years is standard.
- Financial Security: A 3-month rental deposit is required.
- Payment Cycle: Rent is payable on a quarterly basis.
- Vehicle Parking: Motorbike parking is set at 100,000 VND per month, while car parking is 2,500,000 VND per month.
- Overtime Operations: Fees for extended working hours beyond standard times remain open for negotiation.
Suitable Tenant Profiles and Checks
The regular 631 sqm floor plates and modern glazed facade make this property highly appropriate for technology companies, creative agencies, and growing startups looking to establish a professional presence in O Cho Dua Ward. The open-plan layout allows for flexible partitioning, which supports collaborative work environments.
Before signing, incoming tenants should conduct specific site-survey checks:
- Parking Capacity: Verify the exact basement allocation and available spaces, as documentation notes both a single basement scale and a four-level parking description.
- Current Vacancies: Confirm the exact floor areas available at the time of inquiry, as occupancy levels fluctuate.
- Overtime Costs: Clarify the specific terms for after-hours air conditioning and electricity use, especially for businesses with late-night operations.
Advisory Conclusion
NHS Center represents a stable Grade B office option in O Cho Dua Ward, combining professional management by the building owner with functional technical specifications. The inclusion of the service fee within the $20 to $22 per sqm rental rate simplifies cost forecasting for mid-sized enterprises. To ensure a smooth transition, prospective tenants are advised to clarify parking allocations and secure written terms on overtime usage during the initial lease-checking phase.