A red vehicle featuring Warragul Trots Club signage stickers as well as a yellow trailer were reported stolen from Logan Park on Sunday night.
Police believe the burglary at Warragul Trots Club in Howitt St occurred between 4.30pm on Sunday and 7am yesterday (Monday).
They allege three external wooden doors were damaged to gain entry to the site.
Double doors were smashed to get into a stable, where a red Nissan ute and yellow trailer were parked.
The ute, with Warragul Trots Club stickers and registration plates "SLK 545", as well as a trailer, with registration plates "N36 881", were driven away.
The car and trailer are yet to be recovered.
In an unrelated incident, a Toyota Landcruiser was reported stolen from the West Gippsland Hospital carpark on Friday morning.
Police believe the white 2013 Toyota Landcruiser was stolen from the hospital in Landsborough St, Warragul between 7am and 7.30am.
The vehicle, with registration plates "DNM 991", was reported driving in Drouin later that morning.
It has not yet been recovered.
Police believe those responsible for the theft arrived at the hospital in two separate vehicles.
Anyone with information on the two incidents which may assist police investigations is urged to contact Warragul Police Station on 5622 7111.