The alleged gunmen involved in a failed gangland hit in Sydney’s south remain on the run as investigations continue.

A group of men were standing by a car on The Boulevarde in Brighton-Le Sands at 3.15pm yesterday when gunfire erupted from a nearby vehicle.

Today, CCTV footage from a nearby restaurant has emerged which showed an Audi SUV turn off the road before five shots were fired and the car sped away.

Witnesses told 9News they watched on in horror after hearing loud gunshots in broad daylight. 

No one was injured in the shooting.

Three men left the scene before police arrived and found bullet holes in nearby cars. 

The Audi was found abandoned and on fire a 30-minute drive away on Windarra Street in Narwee.

Investigators say the group responsible for the shooting then jumped into another getaway car that was parked there in preparation for the shooting.

Detectives are treating the incident as a failed gangland hit and investigations are continuing.