A security guard has died after being shot when four masked men ambushed an armoured van in Sydney’s CBD this morning.

The guard was one of a group that was ambushed outside a hotel at the corner of Sussex and Market Streets in central Sydney just before 6:00am (AEST).

It is understood four masked men in dark clothing got out of a silver Audi and demanded access to the armoured van. A fight broke out and the guard was shot in the chest.

The 59-year-old man from the Sutherland Shire in the city’s south was taken to Royal Prince Alfred Hospital at Camperdown in a critical condition, but later died.

The New South Wales police minister Michael Daley has condemned the attack.

“It’s all about cowardice if you are hiding behind an object and then spring out with a gun and surprise some poor fella who’s just doing his work,” he said.

“It was a cowardly attack on a bloke who was simply going about his daily business.”

Police said the guards were delivering cash to a motel complex. It is not known if any money was stolen but a guard’s handgun was taken.

Detective Acting Superintendent Greg Antonjuk says police are interviewing the other guards and examining security camera footage as part of the investigation.

“We have yet to review all of the CCTV and one can understand that security officers that were involved are very distressed about the circumstances,” he said.

“We are being very careful and sympathetic to their needs while still extracting information from them.”

Detectives said the silver Audi was last seen travelling south along Sussex Street.

Anyone who sees the car is urged to call 000 immediately.

A BMW driver had his $100,000 luxury sedan carjacked at gun point last night in Sydney’s CBD.

The 31-year-old man was not injured in the attack, but his 2006-model BMW M5 sedan is still missing.

According to police, the man was getting something out of the boot of his car which was parked was parked on Elizabeth Street, near King Street, when he was approached by two men who got out of a silver BMW wearing balaclavas.

One of the men then produced a handgun and demanded the car’s keys.

The two men were last seen driving off south along Elizabeth Street. The silver-coloured BMW being driven by a third man also fled the scene.

Rocks Police Inspector Paul McDonald said there was no evidence the carjacking was linked to a criminal car rebirthing racket. He also said detectives had not established whether the other BMW used in the attack was stolen.

Inspector McDonald said there had not been any other related carjacking incidents in the command recently and believed if it was a one-off.

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