Building Overview
The Matrix One is a Grade B property completed in 2023 by developer MIK Group. The development features 29 above-ground floors and 03 basement levels, with the podium block dedicated to retail and office functions. With a typical floor plate of 650 sqm, the building is structured to accommodate growing organizations requiring balanced floor plans. The layout allows tenants to divide operational teams and support functions efficiently. The asking rent of $14 to $15 per sqm makes this property a practical option for cost-conscious occupiers looking to optimize their leasing budgets.
Location and Connectivity
Situated at 01 Le Quang Dao, Tu Liem Ward, Hanoi, the building occupies a visible position along a major thoroughfare. This location provides straightforward access to key administrative and cultural points in the western area, including the Ministry of Foreign Affairs, the National Convention Center, Hanoi National University of Education, and My Dinh National Stadium. Tenants can establish a professional presence in Tu Liem Ward without the higher rental rates associated with central business districts. Prospective tenants should verify current traffic patterns and specific access routes as part of a physical site survey.
Technical Specifications and Operations
The office spaces are designed with a clear ceiling height of 2.7 meters, facilitating a professional working environment. Operations are managed directly by the developer, ensuring direct communication for maintenance and tenant requests.
The technical infrastructure and lease terms include:
- Modern central air conditioning system with consumption billed by actual meter readings.
- High-speed elevator system dedicated to ensuring efficient vertical transit.
- 100% backup power capacity to maintain business continuity during outages.
- Three basement levels dedicated to vehicle parking.
- Standard working hours from 8:00 AM to 6:00 PM (Monday-Friday) and 8:00 AM to 12:00 PM (Saturday).
- Complimentary overtime utility fees, reducing operational overheads for extended shifts.
Lease terms require a minimum of three years, with a standard three-month deposit and quarterly payments. Car parking is priced at 2,200,000 VND per month, and motorbike parking ranges from 110,000 to 275,000 VND per month. Tenants are advised to confirm the exact allocation of parking spaces and current vacancy layouts prior to signing.
Leasing Costs and Commercial Terms
The financial structure at this property is positioned to suit cost-conscious occupiers. The base rent ranges from $14 to $15 per square meter per month, with an additional service fee of $1.5 per square meter per month. Value Added Tax (VAT) is 10%.
A breakdown of the standard commercial terms and operational expenses includes:
- Base Rent: $14 to $15 per sqm/month (excluding VAT and service charges).
- Service Fee: $1.5 per sqm/month.
- Value Added Tax: 10% applied to rent and service fees.
- Electricity for AC: Billed based on actual consumption via individual meters.
- Overtime Charges: Complimentary, offering cost advantages for extended operations.
- Parking Fees: 2,200,000 VND per car per month and 110,000 to 275,000 VND per motorbike per month.
The standard lease requires a minimum commitment of three years, structured with a three-month security deposit and quarterly rental payments.
Suitable Tenant Profiles and Checks
The 650 sqm floor plate is well-suited for expanding enterprises that require distinct zoning for different departments. The balanced layout allows tenants to partition the space effectively, separating core operational teams from administrative or support functions without disrupting the overall workflow.
Before finalizing a lease, prospective tenants should conduct specific checks:
- Acreage Verification: Confirm the exact net usable area versus gross floor area for the specific vacant units.
- Parking Allocation: Verify the specific quota of car and motorbike parking spaces allocated to the leased area within the three basement levels.
- Fit-out Period: Negotiate the rent-free period allowed for interior construction and installation.
- HVAC Capacity: Assess the central air conditioning performance and zoning controls for the selected floor layout.
Advisory Conclusion
Completed in 2023 by MIK Group, this Grade B building in Tu Liem Ward provides a functional and cost-effective office solution. The combination of a $14 to $15 per square meter base rent, complimentary overtime utilities, and a balanced 650 sqm floor plate makes it a practical option for businesses looking to optimize their real estate spend. Occupiers seeking a professional presence in the western area of Hanoi should schedule a physical site survey to evaluate current vacancy layouts, traffic conditions, and specific parking allocations.