New studio close to centre is unlikely (7)
I believe the answer is:
outside
'unlikely' is the definition.
('outside' can be similar in meaning to 'unlikely')
'new studio close to centre' is the wordplay.
'new' indicates an anagram.
'close to' indicates one should take the final letters (the close/ending of).
The final letter of 'centre' is 'e'.
'studio' anagrammed gives 'outsid'.
'outsid'+'e'='OUTSIDE'
'is' is the link.
(Other definitions for outside that I've seen before include "External surface" , "Where smokers now often must go" , "Alfresco" , "Al fresco" , "having emerged from the tunnel?" .)