Owner could no longer afford to keep the store open after 17 years of trading.
Graham Meade, owner of the shop has blamed the recession and cost increases for imported products for the closure of the business.
He commented: "The last couple of years have been a struggle. Apart from the recession, we had a severe flood, which forced me to close down for five months, my wife died and I had a heart attack.
"Trade dropped and I had only 60 per cent of the turnover of a year ago. That was down to various factors, such as the increase in costs of the models coming in from China and also some huge delays in deliveries, which had a big effect on business."
Meade also said his overheads were increasing and he had decided it was not worth continuing to trade.
He said: “I realised that financially I just couldn’t continue — it was such a drain on my resources. It would have left me bankrupt if I had carried on.”
His stock of thousands of model cars, trains, planes and figurines have been sold to a mail order company in Wokingham.