Building Overview
Savina Building is a Grade B office development situated at 1 Dinh Le, Hoan Kiem Ward, Hanoi. The property features a low-rise structure comprising 6 above-ground floors and 1 basement level dedicated to parking. With a typical floor plate of approximately 300 square meters, the building provides flexible layout configurations suitable for organizations requiring compact, efficient workspaces. The floor plates can be partitioned into smaller units to accommodate different operational scales, making it a practical option for businesses establishing a central presence in Hoan Kiem Ward.
Location and Connectivity
Located on Dinh Le street within Hoan Kiem Ward, Savina Building positions tenants within a well-established commercial and administrative hub. The property is situated approximately 500 meters from the State Bank of Vietnam, facilitating convenient access for financial and administrative transactions. The surrounding area is populated by various hotels, restaurants, and residential zones, supporting daily business operations and client entertainment. Tenants should verify local traffic patterns and pedestrian street schedules during weekend site surveys, as these factors may influence vehicle access to the Dinh Le area.
Technical Specifications and Operations
The building is equipped with standard technical systems to support daily business activities:
- Ceiling Height: Clear height of 2.7 meters, providing a comfortable working environment.
- Air Conditioning: Centralized ceiling-mounted air conditioning system with electricity billed based on actual meter consumption.
- Elevators: High-speed elevator system ensuring efficient vertical transit.
- Power Backup: 100% capacity backup generator to maintain continuous business operations.
- Parking: Dedicated parking space available within the single basement level.
- Operating Hours: Monday to Friday from 7:30 AM to 6:00 PM, and Saturday from 7:30 AM to 12:00 PM.
Prospective tenants are advised to confirm current vacancy profiles, specific overtime charges, and parking space allocations directly during the lease negotiation phase.
Leasing Costs and Commercial Terms
Leasing at Savina Building involves a structured commercial framework typical of Grade B properties in Hoan Kiem Ward. The base rent ranges from $13 to $15 per square meter per month, supplemented by a service fee of $5 per square meter per month. A standard 10% Value Added Tax (VAT) applies to these rates. Utility expenses, specifically electricity for the centralized ceiling-mounted air conditioning, are calculated and billed separately based on actual meter consumption.
The standard lease agreement requires a minimum commitment of 3 years. Financial terms are structured around a 3-month security deposit, with rental payments due on a quarterly basis. Parking fees are established as follows:
- Base Rent: $13 to $15 per square meter per month
- Service Fee: $5 per square meter per month
- Value Added Tax: 10%
- Car Parking: $90 per vehicle per month
- Motorbike Parking: $6.5 per vehicle per month
- Payment Terms: 3-month deposit, quarterly payments
Suitable Tenant Profiles and Checks
With floor plates averaging 300 square meters, the building is well-suited for small to medium-sized enterprises, representative offices, and professional services requiring a central address in Hoan Kiem Ward. The flexible layout options allow organizations to partition spaces efficiently to match their specific operational workflows.
Before finalizing a lease, prospective tenants should perform several practical checks. Because the building operates on a standard schedule—closing at 6:00 PM on weekdays and 12:00 PM on Saturdays—businesses requiring regular after-hours operations must verify the specific overtime fee structure. Furthermore, as parking is limited to a single basement level, a physical site survey is recommended to assess the allocation of parking spaces and identify nearby public parking alternatives for visitors.
Advisory Conclusion
Savina Building provides a functional and cost-efficient office solution for businesses prioritizing a central location in Hoan Kiem Ward. The combination of standard Grade B technical systems, manageable floor plates, and competitive rental rates makes it a practical choice for corporate tenants. To secure the most favorable terms, tenants should clarify current vacancy configurations, utility billing details, and parking availability during the initial lease negotiation phase.