With the advent of their modern woolstore, the company utilised the top floor as their main showroom rather than their adjacent 1920s building (Australian Estates No.

[2][3] Australian Estates Co. Ltd No 2 Woolstore, which is built into the side of Teneriffe Hill, comprises four floors, in two sections with expansion joins to allow for climatic changes.

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

Built at the end of the affluent fifties when wool prices were high and 'Australia rode on the sheep's back', the company showed confidence in the economic future.

This structure also has considerable visual impact due to its substantial form and International style, including the recessed corner entrance and expressed concrete frame.

That this woolstore, with its significant pastoral and business connections, is a valued asset and a local landmark along the riverside has been recognised by its inclusion in the Teneriffe Development Plan.