Fans will have the chance to snap up some rare memorabilia as racing royalty Allan Moffat prepares to close his famous workshop in Toorak, Melbourne.

The 75-year-old Moffat has elected to sell the property, where he has operated his racing and business affairs since 1961.

The workshop housed all of Allan Moffat Racing’s famous competition vehicles over four decades before being rented by a Porsche repair business in recent years.

With the land to be redeveloped by its new owners, Moffat’s son and current V8 Supercars driver James is organising a garage sale that will offer a variety of items to the public.

“It’s been a big job going through it all but there’s a lot of interesting bits and pieces that we’ve dug up,” Moffat told Speedcafe.com.

“There’s a lot of unique items like Allan Moffat Racing toolboxes and workshop benches, ANZ sponsor banners and Peter Stuyvesant pit boards, as well as some model cars and magazines.

“It’s sad in a way to see the workshop going. I’ve got memories of being in there when I was a kid, but reality dictates that everything has got to move on at some point.”

The sale will run over the September 5-6 Father’s Day weekend at 711 Malvern Road, Toorak, 3142, starting at 8am Saturday.