Building Overview
GP Invest Building is a Grade C office development located at 170 La Thanh, O Cho Dua Ward, Hanoi. Developed by CTCP Đầu tư Dầu khí Toàn cầu and managed directly by the landlord, this mixed-use property rises 22 stories high and includes 2 basement levels. The dedicated office spaces are situated from the ground floor to the 4th floor.
A key feature of the property is its expansive typical floor plate of 2,500 sqm. This large floor area allows tenants to customize and design their workspaces to meet diverse functional requirements, making it a practical option for businesses seeking long-term stability and large-scale operations.
Location and Connectivity
Situated at 170 La Thanh, O Cho Dua Ward, Hanoi, the building provides a direct address on La Thanh. Tenants should evaluate local traffic patterns along La Thanh during peak hours to plan commute times. Since specific nearby landmarks are not detailed in the primary records, prospective tenants are advised to conduct a physical site survey to assess local amenities, public transit access, and neighborhood conveniences surrounding the property.
Technical Specifications and Operations
GP Invest Building operates with standard technical infrastructure designed to support daily business activities. The property features the following specifications:
- Ceiling height of 2.7 meters, providing a standard professional environment.
- Vertical transportation supported by 2 high-speed elevators.
- Central air conditioning system to maintain consistent indoor climate.
- 100% backup power generator capacity to prevent operational disruptions.
- Two basement levels dedicated to vehicle parking.
- Standard operating hours from Monday to Friday (8:00 AM – 6:00 PM) and Saturday (8:00 AM – 12:00 PM).
Electricity for air conditioning is billed based on actual meter readings, while overtime charges are negotiable. Tenants planning extended operations beyond standard hours should clarify these terms during lease negotiations. For parking, the building charges 1,200,000 VND per car per month and 90,000 VND per motorbike per month. The standard lease term requires a minimum of 3 years, with a 3-month deposit and quarterly rental payments.
Leasing Costs and Commercial Terms
The financial structure at GP Invest Building is positioned within the Grade C segment, offering competitive rates for businesses requiring significant floor space. The base rent ranges from $9 to $10 per square meter per month, with an additional service fee of $2 per square meter per month. Value Added Tax (VAT) of 10% is applicable to these rates.
For operational planning, tenants should account for the following commercial terms:
- Base Rent: $9 – $10 per sqm/month (excluding VAT and service fees).
- Service Fee: $2 per sqm/month.
- Value Added Tax: 10%.
- Vehicle Parking: 1,200,000 VND per car/month and 90,000 VND per motorbike/month.
- Electricity: Billed based on actual meter consumption for air conditioning and office use.
- Overtime Charges: Subject to direct negotiation with the landlord.
- Lease Term and Payment: Minimum 3-year commitment, secured by a 3-month deposit, with rent payable on a quarterly basis.
Suitable Tenant Profiles and Checks
With its expansive 2,500 sqm floor plates, the property is suited for organizations requiring large, contiguous workspaces on a single level, such as administrative centers, back-offices, or technology firms seeking long-term stability. Before finalizing a lease, prospective tenants should perform several practical site-survey checks:
- Traffic Separation: Evaluate the division between commercial office traffic and residential areas, as the upper floors of the 22-story structure contain apartments.
- Elevator Capacity: Assess the sufficiency of the 2 high-speed elevators during peak morning, lunch, and evening hours.
- Operational Flexibility: Negotiate specific overtime terms if your business requires regular work outside standard hours, considering the residential component of the property.
- Current Availability: Confirm the exact layout configurations and contiguous square footage available on floors 1 through 4 at the time of inquiry.
Advisory Conclusion
GP Invest Building presents a practical option for businesses prioritizing large floor plates and cost efficiency in O Cho Dua Ward. Managed directly by the landlord, CTCP Đầu tư Dầu khí Toàn cầu, the property offers stable administrative support and standard technical infrastructure. While the mixed-use nature of the building requires careful operational alignment during negotiations, the competitive rental rates and spacious layout options provide clear utility for long-term corporate tenants.