The block of three stone terrace houses was built by Alexander McNab, a building contractor, who retained them as rental properties.

An early tenant was the noted physician Dr Joseph Bancroft who opened consulting rooms there in 1866, shortly after starting his Brisbane practice.

They reinstated the exterior and refurbished the interior of the property, creating the two consulting rooms and a reception area on the ground floor and three flats upstairs.

Until renovation, the original layout of each terrace house consisted of two ground floor reception rooms, each with a fireplace, and a wing comprising kitchen and service-rooms at the back.

As most two storey terrace houses in Brisbane were built in brick or timber, the stone construction of Athol Place increases its significance.

The building is a fine example of its type and contributes to the streetscape of Wickham Terrace including Bryntirion on the adjacent corner of Birley Street.

The building is a fine example of its type and contributes to the streetscape of Wickham Terrace including Bryntirion on the adjacent corner of Birley Street.

Athol Place's significance is enhanced by its association with Alexander McNab, the successful early Brisbane developer who built and owned it for many years.