Building Overview
Bao Viet Building, located at 8 Le Thai To, Hoan Kiem Ward, is a Grade B+ office property developed by Trung tam Tai chinh Bao Viet. The building comprises 7 above-ground floors and 1 basement level, with operations overseen by the internal building management. Featuring regular floor plates of 750 sqm, the physical layout supports efficient open-plan workspaces and meeting room configurations. The property is well-suited for corporations and financial institutions seeking a central office presence.
Location and Connectivity
Situated in Hoan Kiem Ward, the building offers direct views of Hoan Kiem Lake. This central position places tenants within walking distance of local dining options, hotels, and several retail banking branches. Because of its position on Le Thai To, incoming tenants should evaluate local traffic regulations and weekend pedestrian street hours to plan staff commutes and visitor access routes effectively.
Technical Specifications and Operations
The building provides standard infrastructure to support daily corporate operations:
- Elevators: 4 high-speed elevators.
- Air Conditioning: Daikin central air conditioning system.
- Backup Power: 100% backup power capacity.
- Ceiling Height: 2.7 meters.
- Parking: 1 basement level and outdoor parking spaces.
Standard operating hours run Monday through Friday from 7:30 AM to 6:00 PM, and Saturday from 7:30 AM to 12:00 PM. Lease agreements require a minimum 3-year term, with a 3-month deposit and quarterly payments. Because rental rates, service fees, and parking costs are subject to direct negotiation, tenants should verify current space availability, parking allocations, and overtime utility charges during the site survey.
Leasing Costs and Commercial Terms
Leasing at 8 Le Thai To involves a standard commercial framework. The landlord requires a minimum lease term of 3 years, structured with a 3-month security deposit and quarterly rental payments. Value Added Tax (VAT) is applied at 10%. Because specific figures for base rent, service charges, and vehicle parking fees are not publicly disclosed, tenants must obtain these rates directly during negotiations. It is also necessary to clarify how electricity and after-hours utility usage are billed.
Suitable Tenant Profiles and Checks
The regular 750 sqm floor plates are highly functional for corporate headquarters, financial institutions, and investment firms that prioritize a central address in Hoan Kiem Ward. To ensure operational alignment, prospective tenants should conduct several site-survey checks:
- Space Division: Confirm if the 750 sqm layout can be subdivided to match specific department sizes.
- Parking Allocation: Verify the exact number of basement and outdoor parking slots allocated to your lease.
- Overtime Fees: Request the precise cost structure for running the Daikin central air conditioning outside standard hours.
- Access Logistics: Evaluate how weekend pedestrian street hours on Le Thai To affect staff and client arrivals.
Advisory Conclusion
Bao Viet Building provides a well-maintained Grade B+ office environment managed directly by its developer, Trung tam Tai chinh Bao Viet. While the Hoan Kiem Ward location offers excellent corporate visibility and lake views, tenants must plan for local traffic patterns. GRES advisors recommend requesting a detailed draft contract early to verify all variable operational costs before commitment.