Overview of the Building
Minh Thu Building, located at 92 Hoang Ngan, Yen Hoa Ward, Hanoi, is a notable Grade C office building designed to meet the diverse demands of the office leasing market in the capital. Strategically positioned in a dynamically developing area, the building provides a professional, cost-effective workspace, particularly suitable for small and medium-sized enterprises, startups, or representative offices.
The building comprises 7 above-ground floors and 1 basement, offering flexible total leasable area. Each typical office floor spans approximately 150 sqm, allowing tenants to easily customize the space according to their specific requirements. Minh Thu Building’s architecture emphasizes modernity and optimized functionality, ensuring a comfortable and well-equipped basic working environment.
Minh Thu Building is not just a workplace but also a part of the thriving business community in Yen Hoa Ward, an area concentrating numerous amenities and business support services.
Location and Connectivity
Minh Thu Building’s location at 92 Hoang Ngan, Yen Hoa Ward, Hanoi, is one of its prominent strengths. Hoang Ngan is a street with synchronized transportation infrastructure, easily connecting to major city arteries such as Le Van Luong, Lang Ha, and Ring Road 3. This allows businesses at Minh Thu Building convenient access to central areas, neighboring districts like Thanh Xuan, Dong Da, Cau Giay, as well as industrial parks and Noi Bai International Airport.
Yen Hoa Ward is a rapidly developing administrative and economic hub, concentrating many state agencies, banks, commercial centers, and large office buildings. Around Minh Thu Building, tenants can easily access countless amenities such as restaurants, cafes, supermarkets, hospitals, schools, and modern residential areas. The diversity of these services and facilities not only fully supports business operations but also enhances the quality of life and work for employees.
Flexible connectivity and the abundance of surrounding amenities make Minh Thu Building an ideal choice for businesses looking to establish an office in a location that is both convenient for trade and ensures a dynamic and comfortable working environment.
Technical Specifications and Operational Facilities
Minh Thu Building is equipped with essential technical systems and operational facilities, ensuring a stable and efficient working environment for all tenants:
- Building Scale: The building includes 7 above-ground floors used for office purposes and 1 spacious basement specifically for parking. This structure optimizes space utilization and ensures convenience for tenants.
- Typical Floor Area: Each office floor has an area of approximately 150 sqm. This is an ideal size for small and medium-sized businesses, allowing flexibility in dividing workspace, meeting rooms, reception areas, and other internal facilities.
- Standard Working Hours: The building’s working hours are from Monday to Friday, 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM. This aligns with the common working schedules of most businesses.
- Air Conditioning System: The building utilizes a localized air conditioning system. The advantage of this system is that each leased unit can independently adjust the temperature within its office space, providing maximum comfort for employees and optimizing energy costs.
- Backup Power System: Minh Thu Building is equipped with a modern backup generator capable of supplying 100% power to the entire building. This ensures that business operations will not be interrupted even in the event of a power outage, maintaining continuity and stability for work.
- Elevator System: The building features 01 high-speed elevator, regularly maintained to ensure safety and efficiency. The elevator facilitates quick and convenient movement between floors, especially during peak hours.
- Parking Area: The building’s basement is dedicated to parking, providing a safe and convenient space for both cars and motorbikes for tenants and visitors. Having an on-site parking area is a significant advantage, especially in the city center.
These facilities, along with a professional management team, ensure Minh Thu Building is a reliable and comfortable working environment.
Leasing Costs and Commercial Terms
Minh Thu Building offers office solutions with competitive leasing costs, fitting the budgets of various types of businesses. Below is detailed information on costs and commercial terms:
- Office Rent: The rental price ranges from $9 – $11 /sqm/month. This is an attractive rate for a Grade C office building in a convenient location in Hanoi, helping businesses optimize operational costs.
- Service Fee: The building management service fee is included in the rental price. This covers costs for operating, maintaining common systems, cleaning public areas, and other building utilities.
- Value Added Tax (VAT): The applicable VAT is 10% on the total rent and service fees (if any).
- Car Parking Fee: Detailed information regarding car parking fees is currently being updated. Interested tenants are encouraged to contact us for more details.
- Motorbike Parking Fee: The motorbike parking fee is 100,000 VND/motorbike/month, a reasonable price for safe and convenient parking.
- Overtime Fee: Cases of working beyond the building’s standard hours will be charged an agreed-upon fee between the tenant and the building management, ensuring flexibility for businesses with special working requirements.
Furthermore, other commercial terms such as minimum lease term (typically 2-3 years), security deposit (typically 3 months’ rent), and payment methods (usually monthly or quarterly) will be clearly stipulated in the lease contract, ensuring the rights of both parties.
Suitable Business Types
With its advantages in location, cost, and facilities, Minh Thu Building is an ideal choice for a wide range of businesses:
- Startups and Small and Medium-sized Enterprises (SMEs): With a flexible floor area of 150sqm and competitive rental rates, the building provides a cost-effective office solution, helping these businesses optimize initial budgets and focus on core business development.
- Representative Offices and Branches: Larger companies looking to expand their presence in the Western Hanoi area or establish a compact, efficient representative office may find Minh Thu Building a suitable option.
- Businesses Requiring Easy Accessibility: Its convenient location on Hoang Ngan street, with easy connections to major routes, is an advantage for businesses that frequently host partners or clients.
- Companies Prioritizing Flexibility: The typical floor area allows tenants to easily customize their workspace according to specific needs, from open-plan offices to separate departments.
Minh Thu Building is committed to providing a working environment that supports the growth and success of all businesses.
Conclusion
Minh Thu Building at 92 Hoang Ngan, Yen Hoa Ward, Hanoi, is a compelling Grade C office option for businesses seeking a professional, cost-effective, and conveniently located workspace. Combining flexible transportation connectivity, essential yet comprehensive operational facilities, and competitive rental rates, the building effectively meets the needs of various business types, especially startups, small and medium-sized enterprises, or representative offices.
Choosing Minh Thu Building is not merely selecting a workplace; it is an investment in an environment that supports the sustainable growth of businesses within Hanoi’s dynamic market. Tenants will benefit from an easily accessible location, a well-managed workspace, and optimized operational costs. This presents a good opportunity to establish or expand business operations in one of the capital’s fastest-developing areas.