Thanks for the replies,
My solution:
1. Create the directory on the local machine to link to
2. Add remote machine ip to /etc/hosts file
ip.ip.ip.ip host
3. Add host to /etc/fstab
host:/dir /local/dir nfs ro,soft 0 0
4. I could only get this working by editing the mtab as well.. don't know why if someone could explain this itd be nice.
host:/dir /local/dir nfs ro,soft,addr=10.112.33.4 0 0
5. Add local machine to host /etc/hosts file
ip.ip.ip.ip localname localname
6. Edit the /etc/exports to include the local ip
/hostname localname(ro)
7. Export the hosts filesystem
hostmachine#exportfs
8. Create mount to host
mount -t nfs -v ip.ip.ip.ip:hostdir /local/dir
9. Mount
localmachine# mount -a
Sweet!