The sale is being launched on behalf of landlords, the Lagune Pasithea Fund, managed by Blue SGR.

Situated just 64 kilometres northwest of Milan, the former training centre is nestled on the beautiful shores of Lake Maggiore, close to the ancient town of Angera. The location has excellent connectivity to the surrounding airports and the Swiss border, making it a popular destination for tourists and commuters.

Set on approximately 16 hectares, the property features 157 en-suite bedrooms and public areas including a bar/restaurant and conference room, as well as tennis courts and an outdoor football pitch.

The property has recently been used as a training centre and is currently vacant, providing a ‘blank canvas’ for the new owner. There are a number of potential alternative uses for the property, including a hotel, campsite or glamping site, subject to planning, or the new owner may wish to continue its previous use as a training centre.

Carine Bonnejean, managing director - hotels at Christie & Co, commented: 'Opportunities on the shores of one of Italy’s most beautiful lakes – Lake Maggiore – are rare and this property is ideal for anyone looking to create their own destination, just a short distance from Milan Malpensa Airport.'

Craig Millward, hotel director at Christie & Co, added: 'We are delighted to be marketing this unique development opportunity on behalf of the Lagune Pasithea Fund managed by Blue SGR S.p.A. The property is in a market with plenty of demand. It is a prime location offering the opportunity for a wide range of potential schemes and use options, subject to planning permission.'