200k - Eligible Investment

[PineappleThief]

Thank you Marcnath. I should've clarified that I won't be living in the B&B myself. Would this clarification change your answer in any way?

1) Although I won't be living in, should I go ahead for an assessment from surveyor anyway? to demonstrate that 100% of the property is being used for business only? if that's even a thing they do.

2) Just concerned on how to make my purchase of a house - a residential property (which later becomes B&B asap) - count towards the 200k investment. I'd definitely make it clear in the business plan, but do you have any other suggestion?

3) If I make it clear in the business plan and get the visa approval, does that mean I wouldn't have trouble in the future for extension, because they gave me the visa based on that plan?

Sorry for these questions, your help is greatly appreciated!

[marcnath]

Thank you Marcnath. I should've clarified that I won't be living in the B&B myself. Would this clarification change your answer in any way?

1) Although I won't be living in, should I go ahead for an assessment from surveyor anyway? to demonstrate that 100% of the property is being used for business only? if that's even a thing they do.

2) Just concerned on how to make my purchase of a house - a residential property (which later becomes B&B asap) - count towards the 200k investment. I'd definitely make it clear in the business plan, but do you have any other suggestion?

3) If I make it clear in the business plan and get the visa approval, does that mean I wouldn't have trouble in the future for extension, because they gave me the visa based on that plan?

Sorry for these questions, your help is greatly appreciated!

If you are not going to be living there, it should not matter.
The specific clauses are :

(4) Investment in any residential accommodation, property development or property management meaning:
i) Any development of property owned by the applicant or their business to increase the value of the property with a view to earning a return either through rent or a future sale or both
or
ii) Management of property (whether or not it is owned by the applicant or their business) for the purpose of renting it out or resale.
The purpose of this rule is to ensure that the business income must be generated from the supply of goods and/or services, and not derived from the increased value of property or any income generated from property, such as rent.

They are very clear about the purpose of the rule.

This is checked at the time of investment, when you need to provide the following evidence:

(i) If you have bought property as part of your business investment, the value of any residential accommodation cannot be included. You must provide an estimate of the value of the residential accommodation if it is part of the premises also used for your business. The valuation must be from a surveyor who is a member of the Royal Institution of Chartered Surveyors dated within the three months before the date of application

So, you will need to provide the valuation report whenever you have bought property.