The Young family founded the Fairymead Sugar Company Limited in 1879 which by 1912 was one of the largest mills in the Southern Hemisphere.

After Horace Young's death in December 1925, the remaining subdivisions were sold to Taubmans (Qld) Ltd and Arthur Cocks and Co, merchants.

Change of ownership occurred in 1968 and subsequently the building has provided office space for numerous commercial tenants.

This upper coursing is broken in two places at the recessed portions of the two central bays where there is a broad arch with voussoirs expressed alternately in render.

[1] The facade retains its original face brickwork and rendered decoration, although considerable changes have occurred to the window openings and types.

Internally, some evidence of the original structure and finishes remains, particularly the pressed metal ceilings to the first floor of the left hand bay.

A brick water tank support tower exists at roof level at the rear of the building.

The building demonstrates the principal characteristics of a federation era warehouse with its broad arches and finely detailed face brick facade.

The building exhibits particular aesthetic characteristics valued by the community, including the length of its facade which contributes to the streetscape of Edward Street.