Building Overview
The 18-4 (Vinfast) Building is a Grade C office development featuring 10 above-ground floors and 1 basement, developed by Hanoi 18-4 State One Member Limited Liability Company. With the first and second floors utilized as a Vinfast car showroom, the building offers strong brand visibility. It serves as a budget-friendly option for businesses seeking stable workspaces in western Hanoi. Actual vacant areas should be verified at the time of inquiry.
Location and Connectivity
Located at 08 Pham Hung, Tu Liem Ward, the building is situated near the Mai Dich flyover intersection and the Pham Hung – Xuan Thuy – Pham Van Dong – Ho Tung Mau junction. This location supports daily commuting and transactions, sitting approximately 700 meters from My Dinh bus station with direct routes to Noi Bai International Airport. The main road frontage provides convenient access for welcoming partners and clients.
Technical Specifications and Operations
The building offers a typical floor plate of approximately 450 sqm, which can be flexibly partitioned. Technical infrastructure includes 2 high-speed Mitsubishi elevators and independent individual air conditioning systems, allowing tenants to manage their actual electricity consumption.
- Rental rate: Ranges from $10 to $11/sqm/month, inclusive of basic service fees but excluding 10% VAT.
- Parking fees: Car parking is priced at VND 1,500,000/car/month and motorbike parking at VND 100,000/bike/month within the premises.
- Lease term: Minimum 3-year commitment, with a 3-month deposit and quarterly payments.
- Overtime policy: After-hours working fees are subject to negotiation based on actual operational requirements.
Leasing Costs and Commercial Terms
The rental rate ranges from $10 to $11 per sqm, which includes the basic service fee, allowing businesses to easily plan their fixed monthly budget. VAT of 10% and electricity costs are charged separately. Specifically, electricity for the individual air conditioning system is billed based on actual consumption, helping control costs for companies operating during standard business hours from Monday to Friday (08:00 – 18:00) and Saturday (08:00 – 12:00). The lease agreement requires a minimum lease term of 3 years, a 3-month deposit, and quarterly payments.
Suitable Tenant Profiles and Checks
The building is suitable for service, trading, or technology enterprises looking to establish an office in Tu Liem Ward to increase access to clients and partners along a major road. However, an important tenant check is that overtime fees are not fixed and must be negotiated separately based on actual operational needs. Additionally, actual vacant areas should be updated at the time of contact to ensure accuracy for office relocation planning.
Advisory Conclusion
In conclusion, with a reasonable budget and adequate basic infrastructure including a backup generator and Mitsubishi elevators, the building offers practical utility. It is a practical option for businesses prioritizing cost efficiency, long-term stability, and brand recognition benefits in the Tu Liem Ward area.