Building Overview
Viteco Building is a Grade C office property completed in the first quarter of 2025 by the developer, VITECO Telecommunications Technology JSC. Comprising 9 above-ground floors and 2 basements, the building provides modern workspaces suitable for technology or service companies seeking a fresh office environment. The typical floor plate is approximately 518 sqm, allowing flexible division based on staffing needs. As operations have recently commenced, actual vacant space should be verified directly at the time of contact.
Location and Connectivity
The building is located at No. 35, Lane 61, Lac Trung Street, within Vinh Tuy Ward. The alley is approximately 7.5 meters wide with a sidewalk, facilitating daily vehicle access and business transactions. From this location, businesses can easily connect to the Times City urban area, Vinh Tuy Bridge, and travel quickly to central Hanoi. This serves as a major advantage for commerce and recruitment in the southeastern area of the city.
Technical Specifications and Operations
Technically, the building is equipped with a smart two-way VRF air conditioning system and a backup generator covering 100% of capacity during power outages. Vertical transit is served by 2 high-speed elevators operating at 1.7 m/s. Businesses can utilize the parking area across 2 basements spanning a total of 2,012 sqm.
- Rental rate: Ranges from 10 to 11 USD/sqm/month.
- Service fee: 2.5 USD/sqm/month (excluding 10% VAT).
- Car parking costs 1,500,000 VND/car/month. A key point to check is that motorcycle parking fees and overtime working charges are not fixed and must be negotiated based on actual business requirements.
Leasing Costs and Commercial Terms
With a rent ranging from 10 to 11 USD/sqm/month and a service fee of 2.5 USD/sqm/month (excluding 10% VAT), the building offers a highly competitive financial option for newly completed office spaces. Businesses should note the standard commercial terms, which include a minimum lease term of 3 years, a 3-month deposit, and quarterly payment terms. Actual operating costs will include electricity for air conditioning based on actual consumption, and a car parking fee of 1,500,000 VND/car/month.
Suitable Tenant Profiles and Checks
This fresh office space is particularly suitable for technology companies, service providers, or startups seeking a modern working environment to attract young talent. However, as the building only commenced operations in the first quarter of 2025, actual vacancies must be verified at the time of contact. Important tenant checks include motorbike parking fees and overtime working charges, which are not fixed in the standard fee schedule and must be negotiated in detail based on the actual usage needs of each office.
Advisory Conclusion
Viteco Building represents a noteworthy new office option in Vinh Tuy Ward, thanks to its synchronized technical infrastructure and reasonable costs. Proactively negotiating overtime terms and parking allocations early will help businesses effectively manage their long-term operating budget when establishing an office here.