Building Overview
Vietbank Office Building is a Grade C commercial property completed in 2006. Developed by Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank) and managed by CBRE Vietnam, the development provides structured office spaces suitable for organizations seeking professional operations. The building rises 10 stories above ground and includes 1 dedicated basement floor. With a typical floor plate of 340 sqm, the spacious layout supports versatile configurations for different functional departments and office setups.
Location and Connectivity
Situated at 70-72 Ba Trieu, Cua Nam Ward, Hanoi, the property features a corner location with two street frontages. This dual-frontage positioning increases corporate visibility along Ba Trieu. Tenants should verify specific local traffic patterns and access routes during peak commuting hours. The surrounding area hosts various commercial establishments, financial offices, and service outlets, establishing a practical environment for daily business activities.
Technical Specifications and Operations
The building operates under professional standards to maintain daily business continuity. The technical infrastructure and operational terms include:
- Elevators: 2 high-speed Mitsubishi elevators serving all floors.
- Air Conditioning: New generation central air conditioning system.
- Power Backup: 100% capacity backup generator.
- Ceiling Height: Clear height of 2.6 meters.
- Parking: 1 basement floor and an adjacent parking lot. Motorbike parking is priced at 300,000 VND per motorbike per month, while car parking is available at nearby lots.
- Operating Hours: Monday to Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM.
Lease terms require a minimum of 3 years, with a 3-month deposit and quarterly payments. The rental rate ranges from $15 to $16 per sqm, which includes the service fee and electricity for air conditioning. Value-added tax is 10%. Overtime usage is free of charge when the central air conditioning is not operating. Tenants are advised to confirm current space availability and specific utility metering policies before finalizing agreements.
Leasing Costs and Commercial Terms
The commercial structure at Vietbank Office Building is straightforward, with rental rates positioned between $15 and $16 per square meter. This rate includes the service fee and electricity for the central air conditioning system, which simplifies monthly budgeting for tenants. Value-added tax (VAT) is applied at 10%.
Key commercial terms include:
- Lease Term: A minimum commitment of 3 years is required.
- Deposit & Payment: A standard 3-month deposit with quarterly rental payments.
- Motorbike Parking: Charged at 300,000 VND per vehicle per month.
- Car Parking: Accommodated at public or private lots surrounding the building.
- Overtime Charges: Free of charge when the central air conditioning is not operating.
Suitable Tenant Profiles and Checks
The building is suited for small to medium-sized enterprises, representative offices, and financial services that require structured management under CBRE Vietnam. The 340 sqm floor plates allow organizations to arrange multiple departments on a single level, reducing internal communication barriers.
Before signing, prospective tenants should conduct specific site checks:
- Car Parking Capacity: Since on-site car parking is limited, tenants must evaluate the capacity, rates, and walking distances of nearby parking lots for staff and visitors.
- Electricity Allocation: Verify the exact boundaries of the included air conditioning electricity and how additional power consumption for server rooms or high-draw equipment is metered.
- After-Hours Access: Confirm the operational procedures for entering the building outside standard hours, especially if overtime work does not require air conditioning.
Advisory Conclusion
Vietbank Office Building provides a stable Grade C office option in Cua Nam Ward. Its dual-frontage on Ba Trieu offers clear visibility, while the management by CBRE Vietnam ensures operational consistency. Tenants seeking a balance between central location and predictable leasing costs will find this property a practical fit. To secure favorable terms, businesses should initiate discussions well in advance to clarify current vacancy layouts and parking arrangements.