Building Overview
N03-T5 Ngoại Giao Đoàn is a Grade C office development completed in 2020 by CTCP Xây dựng và Đầu tư nhà Hoàng Phát. Managed directly by the building owner, this 21-story mixed-use tower allocates floors 1 through 5 specifically for professional office use.
With a typical floor plate of 1,525 sqm, the building provides a spacious environment suitable for organizations seeking to configure large-scale layouts. This floor plate allows for versatile partitioning, supporting cost-conscious tenants who require functional workspaces without compromising on essential operational standards.
Location and Connectivity
Situated in the Diplomatic Corps Area within Xuan Dinh Ward, Hanoi, the building offers direct access to key regional infrastructure. It sits approximately 580 meters from West Lake, providing a recognizable local reference point for visitors and staff.
The location connects to major arterial routes, including the Pham Van Dong – Thang Long Bridge corridor and the Vo Chi Cong – Nhat Tan Bridge route. These connections facilitate transit to Noi Bai International Airport, located roughly 2 kilometers from Nhat Tan Bridge, as well as northern industrial provinces. The development also sits adjacent to established urban areas such as Tay Ho Tay and Ciputra.
Technical Specifications and Operations
The office section operates with dedicated infrastructure to ensure daily business continuity. Tenants benefit from a structured set of technical features:
- Two elevators reserved exclusively for the office floors.
- Daikin two-way central air conditioning system.
- 100% backup power generator capacity.
- Two basement levels dedicated to vehicle parking.
- Standard ceiling height of 2.7 meters.
- Standard working hours: Monday to Friday (8:00 AM – 6:00 PM) and Saturday (8:00 AM – 12:00 PM).
Lease terms require a minimum of three years, with a three-month deposit and quarterly payments. Overtime air conditioning fees are complimentary, while electricity is billed based on actual meter consumption. Prospective tenants should verify current vacant areas, parking space availability, and specific service charges during site surveys.
Leasing Costs and Commercial Terms
Leasing rates at N03-T5 Ngoại Giao Đoàn range from $10 to $13 per square meter per month, excluding a service fee of 0.5 USD per square meter per month and 10% VAT. This pricing structure positions the building as a cost-efficient option within Xuan Dinh Ward. The landlord directly manages the property, which can streamline negotiations regarding specific lease terms. Additional operational costs and standard commercial terms include:
- Motorbike parking: 100,000 VND per vehicle per month.
- Car parking: 1,000,000 VND per vehicle per month.
- Electricity: Billed based on actual consumption via individual meters.
- Overtime air conditioning: Provided on a complimentary basis.
- Lease commitment: Minimum term of three years, secured by a three-month deposit and quarterly rental payments.
Suitable Tenant Profiles and Checks
With a typical floor plate of 1,525 square meters, the building is well-suited for organizations requiring large, contiguous workspaces on a single level. It serves as a practical base for back offices, technology firms, and administrative centers that prioritize cost management over central commercial addresses. The spacious layout allows for versatile partitioning, making it easier to accommodate multiple departments within a unified floor plan.
Before committing to a lease, prospective tenants should conduct specific site checks. Because the office section occupies floors 1 to 5 of a 21-story mixed-use tower, verifying the separation of office traffic from other building users is essential. Additionally, tenants should confirm the exact allocation of parking spaces within the two basements, as parking availability can vary depending on building occupancy. It is also advisable to negotiate the specific fit-out period allowed for office setup, which typically ranges from 10 to 20 days depending on the leased area.
Advisory Conclusion
Completed in 2020, N03-T5 Ngoại Giao Đoàn offers a functional, modern Grade C office environment managed directly by the building owner. Its competitive rental rates, complimentary overtime air conditioning, and spacious floor plates provide clear cost advantages for expanding businesses. Tenants are advised to verify current vacancy schedules, review the exact terms of the three-year lease agreement, and clarify any variable utility costs during the initial site survey to ensure a well-planned transition.