02/09/2011 - Hirco deal ticks all of the boxes

A Brisbane sheet-metal fabricator with an expanding clientele in Queensland’s booming mining industry has secured a new facility on the city’s northside.

Hirco Manufacturing has taken a seven-year lease with a five-year option on an office-warehouse at 420 Bilsen Rd, Geebung.

The 1,680sqm metal-clad facility comprises 240sqm of ground floor office space and a Clearspan warehouse with multiple large roller-doors.

Lawrence Temple from Raine & Horne Commercial negotiated the deal.

The leasing rate has not been disclosed but industry sources said the facility would fetch $85-$90/sqm net plus outgoings and GST or about $145,000 a year.

Mr Temple said Hirco had been spread across three facilities at Northgate and was looking to increase its efficiencies by bringing its operations under one roof.

He said the company had weighed up a few other options but the Geebung property appealed because it was the right size, the right price and offered good exposure.

 “It’s a good quality, functional and well-kept metal-clad building that has a good power supply for Hirco’s machinery, large truck-turning space and good street presence,” Mr Temple said.

Mr Temple said there had been a lot more movement in the industrial market over the past few months. “Good functional industrial space between 1,000sqm and 2,000sqm is still being snapped up when it comes to market in up north Brisbane industrial precincts,” he said.

Hirco Manufacturing co-owner Rob Hirn said the company was increasingly gaining work from the state’s mining sector, prompting the move to a better facility.

He said much of the work involved the fabrication of sound suppression equipment for excavators and mining trucks. “We really needed a bigger space where we could work more efficiently,” Mr Hirn said.