Building Overview
Yen Hoa Park View is a Grade C office development completed in 2018 by CTCP Dau tu Xay dung Dan dung HN. The project comprises three towers rising between 19 and 25 stories, with dedicated office spaces situated from Floor 1 to Floor 4. This layout separates commercial activities from the residential floors above, ensuring a structured environment for businesses.
The property features a regular floor plate of 600 sqm, allowing tenants to configure their workspace layouts efficiently. It serves as a practical option for small and medium-sized enterprises seeking functional office space with manageable overhead costs in Yen Hoa Ward.
Location and Connectivity
Situated at 3 Vu Pham Ham, Yen Hoa Ward, Hanoi, the building is positioned within an active commercial area. This location provides tenants with straightforward access to local amenities, dining options, and retail services.
While the immediate vicinity is active, tenants should verify specific travel times to major business hubs during peak hours. The local road network supports connection to surrounding sub-markets, making it a viable base for companies requiring regular transit across Hanoi.
Technical Specifications and Operations
Yen Hoa Park View is equipped with standard technical infrastructure to support daily business activities:
- Elevators: 3 Mitsubishi brand elevators servicing the office levels.
- Air Conditioning: Daikin central air conditioning system.
- Backup Power: 100% capacity backup generator.
- Ceiling Height: Clear height of 2.7 meters.
- Parking: Vehicle parking distributed across 2 basements.
- Operating Hours: Monday to Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:30 PM.
Prospective tenants should confirm current vacancy sizes and any applicable overtime utility fees directly during the site survey.
Leasing Costs and Commercial Terms
Yen Hoa Park View offers a structured commercial framework suitable for budget-conscious businesses. The financial terms and operational fees are defined as follows:
- Base Rent: $13 to $14 per sqm per month (excluding service fees and VAT).
- Service Fee: $0.6 per sqm per month.
- Value Added Tax (VAT): 10%.
- Lease Term: Minimum 3-year commitment.
- Deposit and Payment: 3-month security deposit with quarterly rental payments.
- Parking Fees: 1,500,000 VND per car per month and 100,000 VND per motorbike per month.
- Electricity: Air conditioning and general electricity consumption are billed based on actual meter readings.
Suitable Tenant Profiles and Checks
The building is well-suited for small and medium-sized enterprises (SMEs) that require functional office space in Yen Hoa Ward without the high overheads of Grade A developments. The regular 600 sqm floor plate supports flexible partitioning, making it adaptable for various team sizes.
Before signing a lease, prospective tenants should conduct specific site-survey checks:
- Overtime Fees: Confirm the exact policy and costs for operating outside standard working hours, as these are not pre-set.
- Space Availability: Verify the current vacant areas and whether the landlord allows custom sub-divisions.
- Parking Capacity: Assess the available slots in the two basements during peak arrival times to ensure adequate space for employees and visitors.
- AC Billing: Clarify how the electricity consumption for the Daikin central air conditioning is metered and billed for individual units.
Advisory Conclusion
Yen Hoa Park View represents a practical choice for businesses prioritizing cost efficiency and essential operational standards in Yen Hoa Ward. Completed in 2018, the property maintains reliable infrastructure, including Mitsubishi elevators and backup power. Tenants seeking a stable, professional environment are advised to verify current vacancies and negotiate terms through a detailed site inspection.