[1] Part of the site (lot 3) of the Australian Estates No 1 woolstore was purchased originally in 1847 by the Government Resident, Captain John Clements Wickham.

The property passed through the hands of several important companies, namely the Brisbane Stevedoring & Wool Dumping Co. Ltd by 1907, Moreheads Ltd in 1914 and the Union Trustee Co. of Australia until 1961, when it was acquired by Australian Estates.

[4] In 1978 the property was acquired by Service Nominees (Qld) Pty Ltd, which belongs to the Mayfairs group of companies, and leased in 1980 to Chevron Discount Furnishers for bulk storage and furniture display.

However, the base of this building is distinguished more by its piers and openings which provide a covered way for the railway line and loading bays beneath a wide frontal projection.

The second floor includes the usual woolstore offices and client facilities constructed of tongue and groove timber surmounted by opaque glass panels.

The showroom on the top floor has square vents with timber louvers beneath the windows, and the customary sawtooth roof which is supported by three rows of tubular metal columns and is aligned from east to west for optimum lighting.

It reflects important developments, technological features and marketing procedures in Queensland's wool industry since the 1920s as well as the history of quayage along the Brisbane River and of the pastoral companies concerned.

In form and fabric, this structure is an excellent example of the broad class of brick and timber woolstores which were built in Australian ports, including Teneriffe, to serve the wool industry.

This Interwar structure also has considerable visual impact due to its substantial form, cohesive design and Renaissance detail, particularly the decorative parapet, frontal colonnade and covered railway siding.

That this woolstore, with its links to important pastoral companies and royal occasions, is a valued asset and a riverside landmark, has been recognised by its inclusion in the Teneriffe Development Plan.