The venue is still seen today as having been an iconic music establishment, as it helped to launch the careers of many British rock bands and also played a part in the UK success of many international acts.

[3] At its closing in 2009 the record for the most consecutive sold-out shows at the Astoria was The Mission who performed seven straight nights between 21 and 27 March 1988 on their "Children Play" tour.

It was rumoured that the buyers were planning to convert the site into a combination of shops, flats and offices to take advantage of an increase in property prices due to the forthcoming 2012 Olympics.

In 2008 it became known that the Astoria would be demolished to make way for Crossrail, a major railway development crossing London from west to east.

Despite public opposition, London Mayor Ken Livingstone confirmed that the venue would have to go, saying "The construction of Crossrail means that the Astoria can't be saved".

Acts included The Automatic, My Vitriol and ex-Mansun singer Paul Draper, Frank Turner, ...And You Will Know Us By The Trail Of Dead and The King Blues.

London Astoria 2 also had a closing party, headlined by rock band Open The Skies, with support from Outcry Fire, F.A.T.E and Orakai.