You have some good ideas but if you're going to sell soon and aren't planning on taking the soffit out, I would just do some minor changes and keep the cabinets (just add a couple cabinets). I wouldn't move the sink but just get a nice stainless steel sink and update faucet. I'd get a stainless stove vent. Remove the wall on the left of the refrigerator but then just do a small pull out pantry on the right of the refrigerator. And, put a cabinet above the refrigerator and make it look built in. A glass backsplash, can lights on the ceiling and pendants above the penninsula. I think a raised counter will make the kitchen/room feel smaller.

Oh, okay, may need to clarify some more. If you get a new 2 seater in place of the 2 white chairs, fine, but no blue chair at all next to the 'new' 2 seater. Won't be right with a blue chair too. So what ones are you planning to recover?. If getting rid of part of it, not understanding. 2 different styles placed next to each other won't look right. I wouldn't like old blue fabrics next to new fabrics or next to 2 different styles of furniture. New 2 seater and old blue chair next to each other, not good :)

I read an interesting comment somewhere, where a lady invited a group of her friends over to lovingly point out all the problems they saw (through fresh eyes) with her home on preparation for sale. She said she was surprised at marks and damage that she had lived with for so long she no longer noticed them. We "owner built" a home previously, and when we came to sell 7 years later, we painted the garage and did those jobs that we had put off, and it became sad to finally see her at her best, at the end, when we could have been living in a completely finished home all that time. I read about a lady who decluttered her home, had it professionally cleaned (build clean, or bond clean) and had a professional styler do her home and she realised just how nice it could be and decided not to sell. :) ta

Here's a couple of ideas that work really well as alternatives to a walk in pantry. They integrate into your wall cabinetry, allowing you to keep central spaces open and free flowing. Using drawers to create a pantry as Esselai suggests. Check out how Harn Triomax soft close drawers are used in just this way. Availble in classic white or metallic grey. Two front to back depth options - 500mm and 5500mm. And 8 drawer width options from 450mm to 1200mm. Alternatively, there are a number of quality pull out pantry options in the German designed and made Vauth-Sagel range. Some are installed with fixed fronts to match your cabinetry, and others are installed behind hinged doors. See below (from top to bottom) the VSA model, DUSA model and HSA model. These all come in a variety of width options and specs, from chromed wire shelves to sold bases with glass panelling.