Building Overview
Completed in 2017 by CTCP Đầu tư bất động sản Phú Mỹ, N01-T4 Phú Mỹ Complex is a Grade B office development located in Xuan Dinh Ward. The building rises 35 floors above ground and includes 3 basement levels, with operations directly overseen by the developer. The property offers well-proportioned floor plates of 1,500 sqm, designed to support efficient workspace layouts for medium to large organizations.
As a mixed-use development, the office portion operates alongside residential and retail components. Prospective tenants are advised to conduct a site survey to assess the separation of commercial traffic and verify the exact floor layouts available for lease.
Location and Connectivity
N01-T4 Phú Mỹ Complex is situated within the Diplomatic Corps Area in Xuan Dinh Ward, Hanoi. This positioning places the building in a developing administrative and residential hub. The rear of the structure directly faces the Embassy reservoir park, providing open natural views. Other nearby points of interest include the Starlake Tay Ho Tay reservoir park located 800 meters away, and a local dining and restaurant area within 1 kilometer.
Leasing teams should evaluate local road access and peak-hour traffic patterns within Xuan Dinh Ward to ensure alignment with employee commuting requirements.
Technical Specifications and Operations
The building is equipped with standard commercial infrastructure to support daily business activities. Key technical details include:
- Ceiling Height: 2.7 meters, providing standard vertical clearance.
- Elevators: 2 dedicated elevators serving the office floors.
- Air Conditioning: Centralized ceiling-mounted system.
- Backup Power: 100% capacity generator backup.
- Parking: Vehicle parking distributed across 3 basement levels.
- Operating Hours: Monday to Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM.
The mixed-use complex also features shared amenities, including a four-season swimming pool, retail areas, and an outdoor garden cafe. Tenants should clarify overtime utility charges and meter-based electricity billing during lease negotiations.
Leasing Costs and Commercial Terms
The commercial structure at N01-T4 Phú Mỹ Complex is positioned within the mid-range bracket for Xuan Dinh Ward. Gross rent ranges from $11 to $13 per square meter, which includes the base service fee. Value-added tax (VAT) is applied at 10%.
For parking, tenants are charged 1,200,000 VND per car monthly and 120,000 VND per motorbike monthly. Electricity for air conditioning and office use is billed based on actual meter consumption. The standard lease agreement requires a minimum commitment of 3 years, structured with a 3-month security deposit and quarterly rental payments.
Suitable Tenant Profiles and Checks
With floor plates of 1,500 square meters, this building suits organizations requiring contiguous layouts, such as technology firms, administrative centers, or back-office operations. The floor layout allows for efficient space planning. However, because the office floors are integrated within a 35-story mixed-use tower, incoming tenants should verify specific operational boundaries.
Key operational checks for prospective tenants:
- Traffic Separation: Confirm if office tenants share lobby areas or elevators with residential occupants.
- Overtime Costs: Verify the exact hourly rates for after-hours air conditioning and lighting, as these are not pre-defined.
- Current Vacancies: Check the exact contiguous areas available, as floor divisions may vary.
- Power Redundancy: Confirm the automatic switch-over time for the 100% backup generator during local grid maintenance.
Advisory Conclusion
N01-T4 Phú Mỹ Complex provides a functional Grade B office solution in Xuan Dinh Ward, combining large floor plates with standard technical utilities. The inclusion of the service fee within the $11 to $13 per square meter rent simplifies initial cost projections. To ensure a successful lease, tenants should conduct a detailed site visit to assess elevator wait times during peak hours and negotiate specific overtime terms prior to signing the 3-year agreement.