Building Overview
Completed in 2020, N03-T7 Ngoại Giao Đoàn is a Grade C office development located in Xuan Dinh Ward. Developed by CTCP Đầu tư và Quản lý Netland, the property is managed directly by the developer, ensuring direct coordination for tenant requests. The structure comprises 21 above-ground floors and 2 basement levels, with the first 5 floors designated for commercial and office activities.
The building features a typical floor plate of 800 sqm, which provides flexibility for partitioning. This layout allows tenants to customize their office space according to specific operational needs, whether for open-plan setups or divided departments. The property serves as a practical option for organizations seeking cost-effective office space in the western area of Hanoi.
Location and Connectivity
N03-T7 Ngoại Giao Đoàn is situated in the Diplomatic Corps Area, Xuan Dinh Ward, Hanoi. This positioning offers a quieter working environment compared to the highly congested central business districts, while maintaining necessary connections to key routes. The location is approximately 20 minutes from Noi Bai International Airport, which is convenient for businesses with frequent travel requirements or international clients.
The surrounding Diplomatic Corps Area is a developing urban zone. Tenants have access to essential local amenities, including retail shops, supermarkets, restaurants, and cafes within the vicinity, supporting the daily needs of employees and visitors alike.
Technical Specifications and Operations
The building is equipped with standard technical systems to support daily business operations. The infrastructure includes the following specifications:
- Air Conditioning: Daikin two-way central air conditioning system to maintain consistent indoor temperatures.
- Elevators: 2 elevators dedicated specifically to the office and commercial floors.
- Power Supply: Standby generator providing 100% backup power capacity during outages.
- Ceiling Height: Clear ceiling height of 2.7 meters, providing a standard office environment.
- Parking: 2 basement levels allocated for vehicle parking, with separate rates for cars and motorbikes.
- Operating Hours: Standard operations run from Monday to Friday (8:00 AM – 6:00 PM) and Saturday (8:00 AM – 12:00 PM).
Overtime air conditioning use is complimentary, and electricity consumption is billed based on actual meter readings. Prospective tenants are advised to verify current space availability and specific layout divisions during an on-site inspection, as configurations may vary based on existing tenancies.
Leasing Costs and Commercial Terms
Leasing at N03-T7 Ngoại Giao Đoàn involves a clear and structured commercial framework. The base rent ranges from $10 to $13 per square meter per month, with a service fee of 0.5 USD per square meter per month. Value-added tax (VAT) is applicable at 10%. This positions the gross rent, excluding VAT, between $10.5 and $13.5 per square meter. Additional operational costs and terms include:
- Lease Term: A minimum commitment of 3 years is standard.
- Deposit and Payment: A 3-month security deposit is required, with rental payments settled on a quarterly basis.
- Vehicle Parking: Car parking is priced at 1,000,000 VND per vehicle per month, while motorbike parking is 120,000 VND per vehicle per month.
- Electricity and Overtime: Electricity consumption is billed based on actual meter readings. Overtime air conditioning use is complimentary.
Suitable Tenant Profiles and Checks
The building is well-suited for organizations seeking functional, budget-conscious office space in Xuan Dinh Ward. The flexible 800 square meter floor plate allows for efficient partitioning, making it adaptable for both medium-sized enterprises and larger back-office operations. Before finalizing a lease, prospective tenants should conduct specific site-survey checks:
- Confirm the exact available areas and partition options at the time of inquiry.
- Verify the allocation limits for car and motorbike parking spaces within the two basements.
- Review the fit-out period allowances and associated utility costs during the renovation phase.
Advisory Conclusion
N03-T7 Ngoại Giao Đoàn represents a practical Grade C office option in the developing Diplomatic Corps Area of Xuan Dinh Ward. Completed in 2020, the property balances essential technical provisions—such as Daikin central air conditioning and full backup power—with highly competitive rental rates. For businesses prioritizing cost efficiency, straightforward management by the developer, and a quieter working environment outside the dense central business districts, this building offers a stable operational foundation.