Kommersiell byggnad , 10000 m²

Germignaga, Varese (provins)

Lago Maggiore

For Sale – Former Stehli Silk Factory on the Lake Maggiore (Italy–Switzerland border)
Prime development opportunity: over 11,400 sqm / 122,700 sqf GFA in the heart of Germignaga (Luino), directly on the Tresa River and just steps away from the shores of Lake Maggiore.
Owned for over 100 years by the Swiss industrial family Stehli, this historic industrial site offers exceptional potential for redevelopment in a growing area known for tourism, cross-border trade, and natural beauty.

Strategic location
Central location in Germignaga (Varese, Italy), bordering the Tresa River
Only 500 meters from Luino train station, with connections to Milan, Varese and Switzerland
3 km from the Swiss border (Dirinella customs)
Within walking distance of beaches, yacht docks, and Luino’s scenic lakeside promenade

Property details
Land area: 3,790 sqm
Built footprint: 2,850 sqm
Total internal area (existing): 9,432.5 sqm
Approved max gross floor area (GFA): 11,400 sqm / 122,700 sqf
Current built volume: 28,500 cubic meters
Max permitted volume (with bonus): 34,200 cubic meters
Riverside covered terrace: over 600 sqm with existing rigid canopy
Two private parking lots:
- 250 sqm on Via Huber
- 533 sqm on Via Filzi

Urban planning status and permitted uses
This property is included in the Urban Regeneration Area RIG-5 and benefits from:
Official land use conversion from industrial to mixed-use (residential, touristic, commercial, services) already approved by the Municipality
Included in the 2022 Municipal Development Plan (PGT) and Integrated Intervention Plan (P.I.I.)
+20% volume bonus and 50% reduction on urban development charges
(Municipal Resolution No. 4, dated 18/03/2021)

Permitted functions:
Hotels, resorts, and tourist accommodations
Assisted living facilities / nursing homes (RSA)
Residential apartments / co-housing / senior living
Retail and supermarkets (up to 1,500 sqm)
Office and business spaces
Public or semi-public services: culture, events, leisure
Neighbourhood commercial units and service activities
The developer is free to define the internal layout and distribution, within the permitted zoning.

Current conditions
External structure in solid concrete and masonry, in good condition
Interior requires full renovation
Existing utility connections: water, electricity, sewer system
No heating or mechanical systems currently installed
Unoccupied and closed for years, with visible deterioration
Fully free of mortgages, debts, or legal encumbrances

Transaction options
The property owner is open to:
Outright sale “as-is”
Long-term lease
Joint ventures / partnerships for conversion into:
Hotel & SPA
Tourist residences
RSA (Elderly Care Facility)
Residential apartments

Documentation available
Upon request:
Complete architectural and functional redevelopment project for conversion into a 200–300 bed RSA (elderly care facility), or Residence / Hotel ready to build

Contact for full documentation and site visits
Technical files, floor plans and architectural studies available under NDA upon request. Ideal for investors, developers, or international operators seeking a landmark redevelopment on Lake Maggiore.
Direct sale by the owner. Renovation project pictures are for general reference only.