The site of the Elders Smith woolstore has had several important owners, including the Government Resident, Captain John Clements Wickham, in 1847 and James Gibbon (Member of the Queensland Legislative Council) of Teneriffe House.
Oxlade Investments, which belongs to the Mayfairs group of companies, purchased the property in 1983 and all three floors have subsequently been utilised by the Wool Store furniture centre in conjunction with the Australian Estates No. 1 Store next door and Australian Estates No. 2 Store [REF].