A Saigon Afternoon, Nguyen Dinh Chieu Corner
The Saigon afternoon sun gradually softens. I sit sipping an iced coffee in front of a building on Nguyen Dinh Chieu Street, District 3. It's not a famous cafe, but a building for sale. The good thing is, it's not flashy, nor does it boast, but it possesses a location that many dream of: just about a 5-minute drive from the Independence Palace and Ben Thanh Market.
Basic Information about the Building
The building is located at 278 Nguyen Dinh Chieu, Vo Thi Sau Ward, District 3. The land area is 8.2 x 19.5m, with a recognized area of 160m². The total floor area reaches 1256m2, constructed with a basement – mezzanine – 7 floors – rooftop + technical floor structure. To be honest, finding a similar plot of land in a central area like this nowadays is very difficult.
Current Cash Flow and Potential
What many people are probably most interested in is the cash flow. Currently, the building has a lease contract of $13,000/month, valid for 2 years. This is a stable source of income, allowing the buyer to be assured in the initial period. But more importantly, the location of the building allows for many different types of businesses, from offices, English centers, to spas, beauty salons… Not far from here, this area is concentrated with many high-end services, with potential customers being office workers, tourists, and foreigners.
Construction and Completion
The building was constructed and completed in 2010, meaning it has been in use for a certain period. However, according to my research, the building is quite solidly built and regularly maintained. This helps reduce future repair and upgrade costs.
Selling Price and Things to Note
The current selling price is 179 billion VND. This is not a cheap price, but considering the location, area, and current cash flow, it could still be a worthwhile investment. However, before deciding to buy, you should carefully research the legal regulations related to real estate in this area, as well as thoroughly check the legal status of the building. It's a shame to buy and just leave it.
Contact Information
If you are interested in this building, you can contact Mr. Tuong Villa at 0934 161816 for more detailed advice.
