Man with gun holds up Vic security guards

A gun-wielding motorcyclist is on the run after holding-up armed security guards outside a Melbourne shopping centre.

The man threatened two Armaguard staff outside a cash van at the Waverley Gardens Shopping Centre car park, in Melbourne's southeast, on Wednesday morning.

They guards were collecting money from a shop inside the centre before it opened.

"They were in a fairly dangerous predicament and they've responded by doing what they're trained to do," Detective Acting Senior Sergeant Simon Polson told reporters at the scene.

The robber wore a dark jacket and black helmet, and fled on a motorbike with a bag and an unspecified amount of cash.

He is thought to have been spotted at Noble Park later in the morning, and detectives want to speak to a caller who reported the sighting to triple-zero.

The security guards were shaken but uninjured.

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