Building Overview
Completed in 2017 by developer CTCP Thi công Cơ Giới Và Xây Lắp, N03-T1 Ngoại Giao Đoàn is a Grade C multi-functional development. The building rises 28 stories above ground and includes 2 basement levels. The lower levels, specifically floors 1 through 5, are allocated for commercial services, retail, and office spaces, while the upper levels serve residential purposes.
The property offers a typical floor plate of 1,000 sqm. This well-proportioned floor layout allows tenants to utilize space efficiently and configure offices with flexibility. It is particularly suitable for small to medium-sized enterprises seeking functional office setups at a competitive price point.
Location and Connectivity
N03-T1 Ngoại Giao Đoàn is situated in the Diplomatic Corps Area, Xuan Dinh Ward, Hanoi. Positioned on the extended Nguyen Van Huyen road, the building provides straightforward access to key administrative and commercial points in the northern area of Hanoi.
The surrounding area is characterized by high security and established infrastructure. Notable nearby points include:
- The Embassy of South Korea and the Embassy of Saudi Arabia, located within a few hundred meters.
- A variety of local amenities including restaurants, supermarkets, cafes, and retail outlets.
- Direct connections to major arterial roads, facilitating transit for employees and clients.
Technical Specifications and Operations
The building is managed directly by the developer and operates under standard commercial schedules. Technical specifications and operational details include:
- Ceiling Height: Clear height of 2.7 meters.
- Air Conditioning: Modern central air conditioning system with electricity billed by actual consumption.
- Elevators: High-speed elevator system, featuring dedicated elevators for the office portion.
- Power Supply: 100% capacity backup generator.
- Parking: 2 basement levels supplemented by surrounding outdoor parking spaces.
- Security: 24/7 security monitoring with integrated surveillance cameras.
Standard operating hours run from 8:00 AM to 6:00 PM on weekdays, and 8:00 AM to 12:00 PM on Saturdays. Leases require a minimum term of 3 years, with a 3-month deposit and quarterly payments. Prospective tenants should verify current vacancy sizes, negotiate overtime utility fees, and confirm the latest motorbike parking rates prior to signing.
Leasing Costs and Commercial Terms
The rental rates at N03-T1 Ngoại Giao Đoàn range from $10 to $12 per square meter per month. This base rate includes the standard service fee, making it a predictable cost structure for tenant budgeting. Value Added Tax (VAT) is applicable at 10%.
Leasing terms require a minimum commitment of 3 years, with a standard financial structure of a 3-month deposit and quarterly rental payments. Utilities, specifically electricity for air conditioning and office equipment, are billed based on actual consumption recorded by individual meters.
While the service fee is bundled into the rent, several variable costs require clarification during negotiations:
- Motorbike Parking: Rates are currently designated as to be updated and must be verified.
- Car Parking: Allocation limits and monthly fees for the basement and surrounding areas should be requested.
- Overtime Charges: After-hours air conditioning and electricity fees are negotiable based on specific operational needs.
- Fit-out Period: Rent-free periods for office construction are typically negotiable depending on the leased area.
Suitable Tenant Profiles and Checks
The building is well-suited for small to medium-sized enterprises seeking functional office space without the high overheads of central business districts. The flexible floor plates, which can be subdivided from 50 sqm up to a full 1,000 sqm, accommodate diverse layouts.
Specific tenant profiles that align with the building’s setup include:
- Representative Offices and Showrooms: Benefiting from the ground and lower-level commercial zoning.
- Back-office Operations: Ideal for companies requiring cost-effective space with reliable power backup and standard security.
- Logistics and Trade Firms: Capitalizing on the direct road connections to northern industrial corridors.
Before finalizing any lease agreement, incoming tenants should conduct a physical site survey to assess the current occupancy status, inspect the shared elevator lobbies, and confirm the exact allocation of parking spaces in the two basements.
Advisory Conclusion
Operating since 2017 under the developer’s direct management, N03-T1 Ngoại Giao Đoàn provides a stable and cost-efficient leasing option in Xuan Dinh Ward. The combination of a competitive base rent, inclusive service fees, and functional technical specifications makes it a practical choice for businesses prioritizing budget control and straightforward logistics in northern Hanoi.