Vietbank Office Building GRADE C

Building Overview

Officially operational since 2006 under the professional management of CBRE Vietnam, Vietbank Office Building (invested by Vietnam Thuong Tin Commercial Joint Stock Bank - Vietbank) has established itself as one of the most stable Grade C office buildings in the central wardt. Rising 10 stories high with 1 basement floor, the building offers a typical floor plate of 340 sqm/floor, delivering an efficient and professional working environment for small and medium-sized enterprises.

Location and Connectivity

Located at 70-72 Ba Trieu, Cua Nam Ward, Hanoi, Vietbank Office Building boasts outstanding commercial advantages due to its prominent corner position with two street frontages on the bustling Ba Trieu street. This major arterial route connects the historic old quarter with key commercial ward, helping businesses easily reach clients and elevate their brand presence.

• Ba Trieu axis and key connections: Quick access to major streets such as Hai Ba Trung, Trang Thi, and Ly Thuong Kiet, creating seamless traffic flow across central ward.
• Hoan Kiem Lake and administrative hub: Only a 5-minute drive to Hoan Kiem Lake, government ministries, and key diplomatic venues.
• Noi Bai International Airport: Approximately 35 minutes via Vo Chi Cong and Nhat Tan Bridge, ensuring smooth schedules for international partners.
• Surrounding amenities: Densely packed with major bank branches, restaurants, shopping centers, and office cafes, catering to business meetings and daily staff needs.

Technical Specifications and Operations

Before diving into details, tenants should address these practical questions: Does the elevator system handle peak-hour traffic? Is the floor layout easy to partition? Below are the verified technical specifications by GRES:

• Scale & Floor plate: 10 above-ground floors and 1 basement floor; typical floor plate of 340 sqm/floor with a square layout that optimizes usable space.
• Ceiling height: Reaches a standard of 2.6 m, providing an airy and open workspace.
• Elevator system: Equipped with 2 high-speed Mitsubishi elevators, ensuring smooth operation and minimizing wait times during peak hours.
• Air conditioning: Uses a new-generation central air conditioning system, allowing flexible temperature control for individual areas.
• Backup power: 100% capacity backup generator to ensure uninterrupted business operations.
• Parking: 1 basement floor and adjacent parking lot satisfy the parking demands of employees.
• Standard working hours: Monday - Friday: 8:00 AM - 6:00 PM; Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

Tenants should balance their budget based on the actual operating cost structure at the building:

• Reference rent: $15 - $16 /sqm/month (rates may vary depending on leased area and timing).
• Service fee: Included in rent.
• VAT: 10%.
• Motorbike parking fee: 300,000 VND/vehicle/month.
• Car parking fee: Parking available at lots around the building.
• Electricity fee: Included in rent (for air conditioning).
• Overtime fee (OVT): Free of charge when AC is not used.
• Minimum lease term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

Vietbank Office Building is highly suitable for small and medium enterprises (SMEs), representative offices, financial firms, technology companies, or businesses requiring a central location for direct customer transactions. To ensure optimal operations, tenants should perform a physical survey based on the following checklist:

• Verify parking capacity: Assess the actual capacity of the basement and nearby parking lots during peak hours for both staff and visitors.
• Measure net usable area: Determine the ratio of usable area to gross area to create the most efficient office layout.
• Evaluate elevator efficiency: Observe elevator speed and passenger flow during morning arrival and evening departure times.
• Confirm overtime terms: Clarify the pricing policy if there is a need to run the central AC outside standard working hours.

Advisory Conclusion

Boasting a prominent corner location on Ba Trieu street and professional management by CBRE Vietnam, Vietbank Office Building is an efficient and cost-effective central office solution. To receive a detailed proposal, updated vacant spaces, and schedule a site visit, contact the GRES consulting team today.