Building Overview
VHC Building is a Grade C office development located at 399 Pham Van Dong, Xuan Dinh Ward, Hanoi. The property consists of 13 above-ground floors and 1 basement level dedicated to parking. The first three floors are utilized for product displays, while floors 4 through 13 are dedicated to office spaces. With a typical floor plate of 1,100 sqm, the building provides a spacious environment that allows tenants to implement versatile functional zoning. This layout is particularly suited for startups and expanding enterprises seeking economical space solutions without compromising on floor efficiency.
Location and Connectivity
Situated along the Pham Van Dong corridor in Xuan Dinh Ward, the building offers direct access to major arterial routes. The property sits adjacent to Hoa Binh Park, providing a nearby green space for employees. Tenants looking to establish operations here benefit from the broad roadway and connections to northern industrial zones and central business districts. When planning a site visit, tenants should verify local traffic patterns during peak hours and check the specific access routes to the basement parking.
Technical Specifications and Operations
The building is equipped to support standard business operations with the following technical provisions:
- Ceiling Height: Clear height of 2.7 meters.
- Air Conditioning: Modern central air conditioning system.
- Power Supply: 100% backup power generator capacity.
- Vertical Transit: High-speed elevator system.
- Operating Hours: Monday to Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM.
- Parking Facilities: 1 dedicated basement level.
Lease terms require a minimum of 3 years, with a 3-month deposit and quarterly payments. The rental rate ranges from $9 to $11 per sqm, which includes the service fee. Value-added tax (VAT) is 10%, and electricity for air conditioning is billed based on actual meter readings. Prospective tenants should clarify overtime fees, motorbike and car parking allocations, and current vacant area availability during lease negotiations.
Leasing Costs and Commercial Terms
The rental rates at VHC Building range from $9 to $11 per sqm, which already includes the service fee. Tenants must account for a 10% Value Added Tax (VAT) on top of this rate. The standard commercial terms require a minimum lease commitment of 3 years, structured with a 3-month security deposit and quarterly rental payments. Utility costs, specifically electricity for the central air conditioning system, are calculated and billed based on actual meter readings. Prospective tenants should seek explicit clarification on overtime fees and vehicle parking rates during the initial proposal stage, as these are not pre-defined in the standard terms.
Suitable Tenant Profiles and Checks
With a typical floor plate of 1,100 sqm, the building is well-suited for startups and expanding businesses that need to accommodate large teams or establish multiple functional zones on a single level. To ensure a smooth transition, tenants should perform the following practical checks during site surveys:
- Parking Allocation: Verify the exact number of motorbike and car parking spaces allocated to your business within the single basement level.
- Overtime Policies: Confirm the cost structure for operating outside standard hours, which run from 8:00 AM to 6:00 PM on weekdays and 8:00 AM to 12:00 PM on Saturdays.
- Subdivision Flexibility: Check the availability of smaller partitioned spaces if your business does not require a full 1,100 sqm floor.
- AC and Power Load: Review the capacity of the central air conditioning and the 100% backup generator to support specialized technical equipment.
Advisory Conclusion
VHC Building in Xuan Dinh Ward represents a highly cost-effective Grade C office option for organizations prioritizing budget control and floor plate efficiency. The combination of competitive rental rates, essential technical provisions, and a straightforward payment structure supports stable business operations. Securing precise terms on parking quotas and overtime fees during negotiations will help tenants maximize the value of this commercial space.