Anyone know if I will need to buy new wheel bolts ? Or will the standard wheel bolts be ok

RealOEM is your friend ;)

Part Cross-reference - Part 36136781150 (WHEEL BOLT BLACK) (http://www.realoem.com/bmw/partxref.do?part=36136781150&showus=on&showeur=on&series=R50)

Thanks caveman ;) one less thing to worry about, very nice of BMW to use one bolt for all their range :D

... very nice of BMW to use one bolt for all their range :D
Actually the MINI bolt size changed in July 2006.