The market rent for a warehouse facility is $128,665 per annum net. The current or passing rent being paid by the tenant is $94,141 per annum net. The rent will not be reviewed to market until 5 years' time. What is the Unencumbered Freehold Value (core value) of the property? Use a discount rate of 5.7% per annum. Round your answer to whole dollars. For example, write 12345 as the answer.