Building Overview
N01-T5 Lac Hong Lotus is a Grade B mixed-use development located in Xuan Dinh Ward, Hanoi. The building rises 35 stories above ground and includes 3 basement levels. Office spaces are situated on floors 1 through 5, while the upper floors from level 6 to 35 are dedicated to residential apartments. The property holds a LOTUS certification, reflecting its focus on modern environmental standards.
The main lobby features granite flooring and natural marble walls, establishing a professional environment for visiting clients. Tenants benefit from shared local amenities, including a 1,000 sqm swimming pool, proximity to Hoa Binh Park and the Starlake reservoir, and a secure setting near 14 embassies.
Location and Connectivity
Situated within the Diplomatic Corps Area in Xuan Dinh Ward, the building offers a secure and well-planned environment for businesses. This administrative zone provides direct access to major arterial roads, connecting tenants to key commercial hubs across Hanoi.
The surrounding neighborhood is characterized by diplomatic offices, green spaces, and residential developments. Because specific transit times and exact distances to major transport hubs are subject to local traffic conditions, tenants are advised to conduct a physical site survey during peak hours to evaluate commute times for their workforce.
Technical Specifications and Operations
The office block is supported by dedicated infrastructure to ensure continuous business operations. Each typical floor plate provides 1,500 sqm of space, which can be divided to accommodate different organizational layouts.
- Ceiling Height: Clear height of 2.7 meters.
- Elevators: 2 dedicated elevators serving the office block.
- Air Conditioning: Ceiling-mounted air conditioning system with consumption metered individually.
- Power Supply: 100% backup power capacity to maintain operations during outages.
- Parking: Vehicle parking distributed across 3 basement levels.
- Operating Hours: Monday to Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM.
Overtime charges are complimentary, though tenants should verify specific utility terms and current vacancy options with the building management during lease negotiations.
Leasing Costs and Commercial Terms
The financial structure at N01-T5 Lac Hong Lotus provides a highly predictable cost model for incoming tenants. The base rent ranges from $11 to $13 per square meter, which already incorporates the building service fee. Value-added tax (VAT) is applied at 10%.
A breakdown of the standard commercial terms and operational expenses includes:
- Lease Term: A minimum commitment of 3 years is required for all office leases.
- Deposit and Payment: A standard 3-month deposit with quarterly rental payments is expected.
- Overtime Charges: Completely complimentary, offering operational flexibility for extended work hours.
- Vehicle Parking: Car parking is priced at 1,200,000 VND per vehicle monthly, and motorbikes are charged at 120,000 VND per vehicle monthly.
- Electricity and AC: Consumption is billed based on actual usage recorded by individual meters.
Suitable Tenant Profiles and Checks
With typical floor plates of 1,500 square meters, this property is well-suited for organizations seeking to upgrade their workspace. The large floor plates allow for flexible interior layouts, making it highly practical for mid-sized to large enterprises requiring collaborative office designs. The secure environment within the Diplomatic Corps Area in Xuan Dinh Ward also makes it appropriate for representative offices, consulting firms, and international organizations that value proximity to diplomatic missions.
Prospective tenants should conduct specific lease checks prior to signing. It is advisable to verify the exact allocation of parking spaces within the 3 basement levels, as well as the current availability of contiguous floor space. Tenants should also clarify the specific billing methods for electricity during off-hours directly with the building management.
Advisory Conclusion
N01-T5 Lac Hong Lotus represents a balanced Grade B option in Xuan Dinh Ward. Its LOTUS certification, combined with a competitive pricing structure that includes service fees and complimentary overtime, offers clear financial advantages for cost-conscious businesses. To ensure a successful lease, organizations should schedule a physical site survey to assess the layout options and evaluate local traffic patterns during peak hours.