With three young daughters between them and a new baby due in September, the couple say the gallery idea came about because they wanted space to work away from home.
There will be a studio at the rear of the gallery and they will display their work as well as affordable digital prints and T-shirts with their designs.
Lamont has exhibited his work at several Whanganui galleries and completed a 6m-high psychedelic cat mural in Palmerston North's Berrymans Lane last year.
Hodder completed a Bachelor of Computer Graphic Design in 2017 and published her first children's book Adventures in Lula Land which she designed, wrote and illustrated and followed with a second book Get to Know Your Monsters.
When she is not busy with art and writing, she is the friendly barista at Whanganui Mint Cafe & Bar.
"I have around 10 years' barista experience and I'll be bringing that to the gallery," she says.
Visitors will be able to buy takeaway coffee, made with Volcano blend beans roasted in Ohakune.
The couple, who named the gallery after the first letters of their names, say it is all part of the welcoming atmosphere they want to create at the gallery.