Police have located a second Ferrari burnout in Frankston this morning which is believed to be one of two Ferraris stolen from a business in Braeside last week.
Emergency services were called to Jolly Street just before 6.30am and found the red 1986 328 Ferrari fully alight.
Kingston Crime Investigation Unit detectives are continuing to investigate the theft of the two luxury Ferraris and appeal for anyone with information to contact police.
A red 1972 365 GTB/4 model Ferrari, which was valued at over $2 million, was located burnt out in Langwarrin on Saturday.
The two vehicles were taken from an Industrial Street workshop about 3.40am on Friday 6 November.
It is believed unknown offenders rammed a roller door to gain entry to the business.
Anyone with information is urged to contact Crime Stoppers on 1800 333 000 or make a confidential report at www.crimestoppersvic.com.au
