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That might be a bit sticky - it's an ex council block of flats so the entire value of the block would be in the millions. Worth keeping an eye on
ReekBlefs-
Only the property the lease relates to not the whole building.
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@jv is right, 67 years will make it tough to get a mortgage. You can extend the lease as part of the buying process, so you pay the extra £20k or whatever on top of the purchase price and the lease is extended on completion. It's a bit more complicated than a normal transaction, but shouldn't add any delay if dealt with efficiently.
mustardbeak
Hefty
The other thing, which it is worth bearing in mind if it is the shared lease, despite only owning a % of the property, in terms of extending the lease it is based on the properties entire value not the portion you own.