Clennett’s Mitre 10 to build inner-city hardware store in Hobart

16/07/2020

Clennett’s Mitre 10 Hobart is set to open a new inner-city hardware store in Hobart in April next year, in a bid to offer well-priced, quality products in a highly competitive market.

The $2 million development site is earmarked on Patrick Street, between Argyle and Campbell streets, and is expected to cater for both retail and trade customers, according to a recent report by The Mercury.

Managing Director William Clennett, said a heads of agreement had already been signed with the landlord, with lease negotiations finalised at the end of July. Although the development still needs council approval, Mr Clennett is hopeful the store will open on April 1 next year.

The development is expected to fill a void left by the closure of K&D’s city store earlier this year, according to Mr Clennett, who said the store would operate in addition to his existing stores in Kingston, Huonville, Glenorchy and Mornington.

The new store is also expected to provide fresh, locally owned competition for Bunnings, which has southern stores at Kingston, Glenorchy and Mornington, Mr Clennett said in The Mercury report.

“The Clennett’s business is set up to really dominate within the building products market but we have also targeted retail categories where we believe we can offer a more specialised service such as power tools, paint, garden and bathroom goods.”

“We have also deliberately tried to partner with big brands such as Wattyl paints, Milwaukee, Stihl and Webber, all brands which Bunnings do not supply. We are really focused on supplying quality products and I think customers are trending back that way. I think the market is changing and people are becoming more socially and environmentally conscious. I think buying local is a natural extension of that,” he said.

Mr Clennett said he also believes the company can offer a more specialised service than its competitors because the city store would add a new level of convenience for shoppers living and working in Hobart. The free home delivery service would also five Mitre 10 a point of difference, Mr Clennett said in the report.

The new site is 3900 square metres with 1000 square metres of retail space, a 2000 square metres of trade centre and off-street parking for 40 cars. The initial investment will be $2 million, with a further $4 million expected to be spent on the site in the next 10 years, according to The Mercury report.

Mr Clennett’s Kingston business is also now undergoing an $800,000 expansion, with a new sand and soil yard being developed on the former Kingston Landscape Centre site in Mertonvale Circuit, about 500 metres from the existing ‘Fork in the Road’ hardware store in Huntingfield Drive.

Mr Clennett took ownership of the landscape centre in July week and also signed a 20-year lease on the site, which is closed for four to eight weeks while existing buildings and amenities are demolished.

The expansion aims to ease traffic congestion and provide more space for shoppers, according to Mr Clennett, who also said he hopes to redevelop a corner of the existing Mitre 10 site in the next couple of years to incorporate bulky goods tenants, which could include automotive, lighting or other specialist offerings that would complement services already provided by Mitre 10.

 

Image: Aaroncrick / CC BY-SA (https://creativecommons.org/licenses/by-sa/3.0)