Dannevirke Fantasy Cave Board has completed its first major step towards its new premises.
Board chairman Grant Hurrell said the Fantasy Cave was now the freehold owner of 7 Barraud St, formerly Mills Garage.
However, the building won't be demolished until the board has the funding for the rebuild.
To help in the funding application process the board has employed a financial manager.
Hurrell said plans for the new building had been completed and the consent process was under way.