Overview of the Building
Red River Building stands out as a prominent Grade C office for lease option strategically located on Le Van Luong Street, within the Thanh Xuan district of Hanoi. The building is designed to offer professional and modern workspaces, flexibly meeting the diverse needs of businesses, from startups to small and medium-sized enterprises (SMEs) seeking a stable and cost-effective business location.
With a total scale comprising 03 above-ground floors dedicated to office use and 01 spacious basement floor for parking, Red River Building presents a compact yet fully functional structure. Each typical office floor spans approximately 500 m2, intelligently planned to allow businesses to customize their workspace according to their specific styles, from open-plan offices to private departments. This design not only optimizes space utilization but also fosters a comfortable working environment, promoting creativity and employee productivity. Despite being a Grade C building, it focuses on maintaining essential amenities and professional management services, ensuring smooth and efficient operations for all tenants.
Location and Connectivity
Red River Building is situated at 68 Le Van Luong, Thanh Xuan Ward, Hanoi, a strategic address in the western part of the capital. Le Van Luong Street is known as one of the key arterial roads, directly connecting to many other major routes such as Khuat Duy Tien, Hoang Minh Giam, and To Huu, forming a synchronous and convenient transportation network. This location allows businesses to easily commute to central districts like Dong Da, Cau Giay, as well as new developing areas in the west and south of the city.
The building’s presence in the Thanh Xuan area offers numerous advantages regarding surrounding amenities. Within close proximity, one can find a wide range of major banks, commercial centers, restaurants, cafes, and entertainment services, fully meeting the needs of employees and partners. This area also concentrates many other office buildings, creating a dynamic business community that fosters opportunities for collaboration and development. Easy access to public transportation is also a significant plus, helping to reduce commuting time and costs for the workforce.
Technical Specifications and Operational Facilities
Red River Building is equipped with essential technical systems and operational facilities, ensuring a stable, safe, and comfortable working environment for all tenants:
- Working Hours: The building operates from Monday to Friday, from 8:00 AM to 6:00 PM, and on Saturday, from 8:00 AM to 12:00 PM. This schedule is suitable for most businesses, providing ample time for daily business activities.
- Air Conditioning System: Utilizing a modern ceiling-mounted air conditioning system, ensuring fresh air and stable temperatures throughout the office space. This system is regularly maintained to operate efficiently, providing maximum comfort for users.
- Elevators: The building is equipped with 01 high-speed elevator, facilitating quick and convenient movement between floors. Although there is only one elevator, given the 3 above-ground floors, this system still ensures efficient traffic flow during peak hours.
- Backup Power: A robust backup generator system capable of meeting 100% of the building’s total power consumption. This ensures that all business operations will not be interrupted even in the event of a grid power failure, providing absolute peace of mind for businesses.
- Parking Area: The building provides 01 spacious basement floor specifically for parking, accommodating the needs of employees and visiting clients for both cars and motorbikes. The parking area is professionally managed, ensuring security and order.
Leasing Costs and Commercial Terms
Red River Building offers competitive rental rates, suitable for the Grade C office segment in the Thanh Xuan area. Detailed information regarding associated costs is as follows:
- Rent: Ranging from $11 to $12 /m²/month. This price reflects a balance between a convenient location and the essential amenities the building provides.
- Service Fee: Notably, the service fee is already included in the rent, making it easy for clients to calculate their total monthly costs without worrying about additional charges.
- VAT (Value Added Tax): A rate of 10% (0.1) is applied to the total rent and service fees (if any).
- Car Parking Fee: 1,200,000 VND/car/month, a reasonable fee for parking in a central area.
- Motorbike Parking Fee: 150,000 VND/motorbike/month, meeting the needs of the majority of employees.
- Overtime Fee: Additional costs for working outside regular business hours will be negotiated directly between the tenant and the building management, ensuring flexibility and fairness.
Other lease terms and conditions, including lease duration, payment methods, and any preferential policies, will be discussed in detail during the lease agreement negotiation process, aiming to provide transparency and maximum benefits for both parties.
Suitable Business Types
With its advantages in location, cost, and amenities, Red River Building is an ideal choice for a wide range of business types:
- Startups: Newly established businesses often have limited budgets and require a professional yet cost-effective workspace. Red River Building perfectly meets these criteria, helping startups focus resources on business development.
- Small and Medium-sized Enterprises (SMEs): Growing SMEs need a stable, easily accessible location with a supportive working environment. The building offers flexible space to grow teams and expand operations.
- Representative Offices or Branches: Larger companies looking to expand their presence in the western part of Hanoi can choose Red River Building as a representative office or branch, leveraging its location and connectivity advantages.
- Specific Industries: Particularly suitable for businesses in information technology, e-commerce, education, consulting, or services that require flexibility and easy client access.
The ability to customize space, coupled with reasonable rental rates and a convenient location on Le Van Luong Street, are key factors that make Red River Building an attractive destination for businesses seeking a solid foundation for growth in Hanoi.
Conclusion
Red River Building at 68 Le Van Luong, Thanh Xuan Ward, Hanoi, represents a promising Grade C office for lease solution. The building not only stands out with its strategic location, easily connecting to key areas of the city, but also provides a professional working environment with essential yet efficient operational facilities. With competitive rental rates and clear commercial terms, Red River Building is an ideal choice for businesses seeking a cost-optimized office space that still ensures quality and convenience. It offers a solid foundation, strongly supporting the development and success of businesses in Hanoi’s dynamic market.