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See how verdicts work1-bed flat + 2-bed flat · LA18 4HZ
For saleListed 858 days
Opportunity summary
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About
CONVERSION AND CHANGE OF USE OF PART OF THE EXISTING RESTAURANT TO PROVIDE 1 X 1 BEDROOM & 1 X 2 BEDROOM FLATS WITH INTERNAL AND EXTERNAL ALTERATIONS We are delighted to present for sale Da Vinci Ristorante, a charming Italian restaurant nestled in the quaint coastal town of Millom, situated on the edge of the breathtaking Lake District National Park.
This beloved establishment has been a cherished family-run business for the past 18 years and is now available on the market due to the owner's retirement.
Da Vinci Ristorante boasts an inviting ambiance with seating capacity for approximately 80 guests, ensuring a cozy and intimate dining experience.
The restaurant features a welcoming bar area, a fully equipped kitchen designed to handle a variety of culinary demands, and well-maintained ladies' and gentlemen's restrooms.
Additionally, a spacious cellar offers ample storage space.
Strategically located in the bustling Millom Market Square, Da Vinci Ristorante enjoys a prime position that attracts a steady stream of loyal local customers as well as tourists exploring the stunning Lake District.
The convenience of easy parking further enhances its appeal. Currently operating only during the evenings from Thursday to Sunday, the restaurant presents a fantastic opportunity for growth.
There is significant potential to expand its hours and services, catering to an even broader clientele. Further Details Tenure: Leasehold.
ask for further details APPLICATION No: 4/25/2038/0F1 CONVERSION AND CHANGE OF USE OF PART OF THE EXISTING RESTAURANT TO PROVIDE 1 X 1 BEDROOM & 1 X 2 BEDROOM FLATS WITH INTERNAL AND EXTERNAL ALTERATIONS Call Corrie and Co on for full details RISTORANTE DA VINCI, MARKET SQUARE, MILLOM Kitchen - 9.481 x 2.754 (31'1" x 9'0") - Toilets One - 3.180 x 2.131 (10'5" x 6'11") - Toilets Two - 2.141 x 2.133 (7'0" x 6'11") - Restaurant Area One - 6.482 x 4.107 (21'3" x 13'5") - Restaurant Area Two - 5.689 x 3.610 (18'7" x 11'10") - Entrance - 2.057 x 1.976 (6'8" x 6'5") - Bar Area - 4.700 x 4.116 (15'5" x 13'6") - Restaurant Area Three - 6.200 x 5.085 (20'4" x 16'8") - Cellar Room One - 5.526 x 5.271 (18'1" x 17'3") - Cellar Room Four - 3.990 x 2.785 (13'1" x 9'1") - Cellar Room Two - 5.426 x 4.026 (17'9" x 13'2") - Cellar Room Three - 4.026 x 3.888 (13'2" x 12'9") - Cellar Room Five - 3.864 x 2.138 (12'8" x 7'0") - Cellar Room Six - 4.025 x 2.557 (13'2" x 8'4") -
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
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About Market Square, Millom
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