Le Méridien - Office Component

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Overview

Land area: 
3,236 sqm
Unit area: 
0 sqm
GFA: 
12,802 sqm
NLA: 
9,930 sqm
In project:
Hits: 
250
General Information
· Street no: 3C · Street: Ton Duc Thang · Ward: Ben Nghe · District: 1 · City: Ho Chi Minh City
· Project (GFA): 12,802 sqm

All areas are approximate and as reported.

Property Notes

General description:

The office component of Le Méridien Saigon is a Grade A office space comprising of 12,802 sqm of Gross Floor Area excluding 2 basements. Net Lettable Area of it is 9,930sqm. It is located on Ton Duc Thang Street near Lotte Legend Hotel and office complex, on the banks of the Saigon River in District 1, providing convenient access to the CBD. 

Legal/ developer overview:

Leasehold title, expiring on 12 August 2059. Land use right certificates No. CC615640 and CC615641 dated 4 November 2015.

Merger & acquisition &/or sale:

Mitsubishi Estates was reported to purchase 100% interest from Tien Phuoc Real Estate JSC and 990 Co Ltd. The transaction occurred in 2016. Refer to subscription data for more details. 

Marketing, leasing or asking price:

Q1/2018, the office sector occupancy rate is in the building is reported at 99% while the average monthly asking rent is about US$33/ sqm plus service charges of US$6/ sqm and excluding VAT. Preferred lease tern is 2 years, 3 months deposit and lease payment to be made quarterly in advance. Motorbike and car parking fees are about US$14 and US$142 per space per month.

Q4 2019, The average monthly asking office rent is reported to be about US$35 per sqm per month excluding US$6 service charges and 10% VAT. Over time US$0.15/sqm/hour.

The preferred lease term is 3 years and a 3 month deposit is required. Motorbike and car parking fees are US$15 and US$150 per month respectively.

Sale & evidence history

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General amenities

  • Bus station
  • Entertainment centre
  • Hospital
  • Local People's Committee
  • Metro station
  • Modern retail complex
  • Museum
  • School
  • Sporting complex
  • Supermarket/Minimart
  • Traditional market
  • University

Facilities

  • Club house (Project)
  • Food Court
  • Gymnasium
  • Lifts
  • Meeting room
  • Pool/s
  • Reception/ concierge
  • Spa
  • Bar (general)
  • Gym/fitness centre
  • Cafe
  • Conference centre
  • Restaurant

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